timemachine

Wall Street Breakfast: Must-Know News

The automotive bailout will be just that. One more container of money following the previous one. The industry, both labor and management is begging for help. The very best help we can give them is to let GM and Chrysler merge, structure an organized bankrupcy, and proceed with funds ladeled to them from a small container. If they are incapable of handling their funds without help, why would we assume they would handle ours any better. Let free enterprise work, and let all stakeholders participate in a total restructure of this industry.