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andrewsullivan.theatlantic.com - 11/17/2008
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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 ...
nytimes.com - 11/19/2008
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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
krugman.blogs.nytimes.com - 11/17/2008
andrewsullivan.theatlantic.com - 11/17/2008
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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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