Mitt Romney in A Governor`s Story, by Jennifer Granholm

On Corporations: NY Times editorial: "Let Detroit Go Bankrupt"

This was doubly wrong. In the first instance, without the governor's investment, which Romney condemned, there would have been no auto industry left to save. Second, it was the government's intervention and the high-speed bankruptcy orchestrated by the Treasury Department that saved GM and Chrysler. A traditional bankruptcy without the US government's participation would likely have meant liquidation and the loss of the backbone of American manufacturing.