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Paulson Grasps the Automaker Nettle

In for a penny, in for a pound, Congress will have no choice but to pony up the rest.

Bush did the right thing for him, don't want to be the president to loose the auto industry for a small sum of 15 billions. Let Obama deal with the mess.

Paulson, not sure what would anyone else would have done anything differently or have an different impact.

Anyway we are in for a long winter!

Will the White House Bail Out Detroit?

Why not just exchange old cars for new, how many cars does $15 billion buys!?

I don't think its a matter of restructuring debt, the money will be used for items like paying the electricity etc.

I also think Ford will survive, can you imagine USA without an American car company! This would become a culture and security issue.

Buy, Sell or Hold: GM's Too-Big-to-Fail Myth

All good and true, but who will ensure reorganisation gets done?

Look at the financial companies, money down a hole, downsizing is their answer. You may think the Feds, Treasury, etc. would know something about the financial companies.

'The Worst Is Over for Financials' - Really?

Worst is not over but markets are desparately looking for signs of better conditions.

More layoffs will be experienced by the financial companies.

Another BSC - one of the retail financial companies will falter given person credit hasn't really kicked in "yet".