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theamericanscene.com - 12/10/2008
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Sure, in principle.
There appears to irresistible momentum behind a “temporary” bailout designed to forestall bankruptcy until the new administration is in place. The problem with imagining that this does anything other than kicking the can down the road a few months (at a cost of putting ...
washingtonpost.com - 12/11/2008
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washingtonpost.com —
Comments that include profanity or personal attacks or
other inappropriate comments or material will be removed from...
the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
(more)
Senate Leaders Try to Work Out Compromise on Auto Bill
nytimes.com - 12/11/2008
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nytimes.com —
The Senate Republican leader, Mitch McConnell, spoke out
against the bill, effectively dooming its chances. >...
(more)
Auto Bailout Appears Halted in Senate as G.O.P. Resists
news.yahoo.com - 12/10/2008
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news.yahoo.com —
AP - Weary Democratic congressional leaders pushed to
clear the final obstacles to a $15 billion bailout...
of U.S. automakers Tuesday night, but the rescue plan faced new snags as Republicans raised deep concerns.
(more)
Deal seems near, but talks on auto bailout drag on
(AP)
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A Better Bailout
The Daily Dish | By Andrew Sullivan —
By Patrick Appel Manzi: Experts disagree about whether a literal application of a Chapter 11 process would work for the Big 3. So, if we could stipulate that we could get all of the effects of an orderly bankruptcy through some government-sponsored process that just had a different name, then of course we should do it. If we had a process called conservatorship or something, in which a set
of government employees called an oversight board, who are insulated
from political pressure and have very similar ...
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