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Let Detroit Go Bankrupt, Ctd.
Jon Cohn says Chapter 11 bankruptcy might not be an option: In order to seek so-called Chapter 11 status, a distressed company must find some way to operate while the bankruptcy court keeps creditors at bay. But GM can't build cars without parts, and it can't get parts without credit. Chapter ...
Op-Ed Contributor: Let Detroit Go Bankrupt
Op-Ed Contributor: Let Detroit Go Bankrupt
nytimes.com — A managed bankruptcy may be the only path to the fundamental restructuring the auto industry needs. >... (more) Op-Ed Contributor: Let Detroit Go Bankrupt
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krugman.blogs.nytimes.com — Jonathan Cohn has the best statement I've seen of the case for a rescue. No illusions -... these are companies that, to a large extent, drove themselves into a ditch. If the economy as a whole were in reasonably good shape and the credit markets were ... (more) Cars
Let Detroit Go Bankrupt
andrewsullivan.theatlantic.com — David Brooks gets the balance perfectly right : Is this country going to slide into progressive corporatism,... a merger of corporate and federal power that will inevitably stifle competition, empower corporate and federal bureaucrats and protect ... (more) Let Detroit Go Bankrupt
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Detroit: Same Old, Same Old
The American Scene — ... Andrew Sullivan points to an article by Jonathan Cohn in the current TNR arguing for the proposed automotive bailout. ...

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Let Detroit Go Bankrupt
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He Said It! Ctd
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Op-Ed Contributor - Let Detroit Go Bankrupt
nytimes.com 11/19/2008 — Boston IF General Motors , Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed. Without that ...
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andrewsullivan.theatlantic.com 11/12/2008 — Megan weighs in: GM can't be saved. It needs to go into bankruptcy, which is the only possible way I can see to adjust its legacy labor problems, and possibly provide sufficient shock to the corporate culture to allow the...
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washingtonpost.com 11/23/2008 — 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. ...
Let Them Die?, Ctd.
andrewsullivan.theatlantic.com 11/13/2008 — Ezra Klein points me to an old article by Obama on the auto industry. It may be as good an indicator of his future policies as anything: ...every automobile the government purchases -- starting right now -- should be a flexible-fuel vehicle. When it ...
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