NightBengal

Lining Up on Both Sides of Auto Bailout

... so what is YOUR opinion, Paul? Would you spend even more billions we don't have to bail these companies out? Or would you let them falter during the worst economic downturn since the depression, as most folks are calling it?

This all despite the fact that nobody seems to want to admit the following: If GM really does falter, they are not going to just fall into a black hole and vanish. SOMEONE will come along and buy factories, patents, concepts, etc. If they go into Chapter 11 instead of Chapter 7, then it will result in a lot less loss than everyone is predicting, which is almost always absolute-worst-case roll-over-and-die(-lik... scenario.

Honestly, this situation is not black and white, no matter how you look at it.