Monday, March 2, 2009

Germany considers bailing out Holocaust company.

Maybe Germany should bail out Madoff, too. From the Daily Mail:

The German government is in the embarrassing position of having to decide whether or not to bail out a mammoth industrial company accused in wartime of using the hair shorn from Jews murdered in the gas chambers of Auschwitz.

The Schaeffler group is a pillar of German industry and employs 222,000 people worldwide.

It is is Europe’s largest car parts supplier but is lumbered with close to £14billion of debt after buying out the major rival and tyre maker Continental last year in a hostile takeover.

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