russ

Chrysler's Bankruptcy: Historic Changes for Markets?

The column is dribble. Crysler was going to go bankrupt if the Goverment had not been involved, no one interferred with the process. There has been more stability and less panic than would have been the case. Without the governmnet, the bonds would have become worthless and had no market anyway. No one prevented banruptcy, it has just been more orderly.