Never did the government interfere with K-Mart or other bankruptcies. As
with most companie they were on their own.
In GM & Chrysler's case though, there is a lot of old money in well
connected pockets via Cerberus, Carlyle and others. There is a reason GM is
special, and corruption has a lot to do with it.
GM also ran criminally bankrupt for over 2 years, hoping for a presendent to
bail them out. GM was bankrupt 2 years ago! Bush didn't really want to
bail them out.
There is a lot more going on with GM than a simple bankruptcy/bailout.
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