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Just Great
RedState: Conservative News and Community — ... Even after a bailout, the Big Three automakers are still going to have problems that show up years down the line. The bailout does not solve the problems of bad management that afflict the automakers these days and have brought them to their current parlous straits. We are delaying the inevitable by kicking the can down the road and avoiding facing up to and addressing some very serious long-term problems in the automobile industry. ...

Just Great
A Chequer-Board of Nights and Days — ... continue? I realize that the short-term pain that accompanies a bankruptcy is no one's idea of a good time but it does bear asking whether our tremendous aversion to short-term pain is perhaps blinding us to the need to seek long-term solutions to the problems that afflict sectors of the economy like the automobile industry. Even after a bailout, the Big Three automakers are still going to have problems that show up years down the line. The bailout does not solve the problems of bad management that afflict the automakers these days and have brought them to their current ...

What is a disorderly bankruptcy?
SCSUScholars — The Bush Administration is saying today that it wants to help provide for an 'orderly' bankruptcy of GM and Chrysler. President Bush’s spokeswoman, Dana Perino, confirmed growing speculation within legal circles that the president and Treasury Secretary Henry M. Paulson Jr. were considering the step as part of an overall rescue package for the automobile industry.The action would be unusual, and would require concessions by the United Automobile Workers union, suppliers, investment banks, the federal pension board, bondholders and other stakeholders in the two auto companies. Under one ...