What Happened to Kreisler?

Ford, the direct competitor to g m, and kreisler, did not ask for a bail out. They had raised their own funds in the private sector just before the crisis. In a standard economic model, that the competitor would be like, ah, we want the government to give money to our competitors so that they do not cease to exist. So you were thinking you should let kreister fail. But larry somers, who directed the nationaly economic council, came to a very different collision.