lewisabroad

Why the U.S. Automakers Should Get a Bailout

During all the discussions about GM and Ford it is assumed that if they go bankrupt they will shutter their doors. I seem to remember bankrupcy being endemic to the airline industry, yet the US airline industry still exists and Delta, Continental, and others that filed for Chapter 11 still operate. If the big three go bankrupt perhaps it will give them the breathing space they need to restructure and become more efficient, and will purge the management and the board of directors, the same kind of thing many are saying should be a prerequisite to loans.