33Nick

How To Save the Big 3 Automakers

"...needs to give restructuring authority to one individual, similar to the power that former Goldman Sachs CEO Hank Paulson has had with the financials."

It's fascinating how any government would give discounted loans to any companies without enforceable strings attached. It would make sense to kindly remove the management team who, unfortunately and please, let's do away with the emotions and out of context patriotism, since no one has put the companies back to high financial levels. And again, no finger pointing because the downfall of the big 3 has been an on-going issue since the 70s' invasion of foreign cars.

Lend money, remove the lack of performance, deal with the unions (they too, have a share in it) and force them to make a variety fuel efficient cars, not as it didn't happen in the 80s. Simple, no?