Chapter 11 bankruptcy is one of the great glories of American capitalism, The Curious Capitalist...

|By:, SA News Editor
Chapter 11 bankruptcy is one of the great glories of American capitalism, The Curious Capitalist Justin Fox writes. Now the government can now provide Chrysler with DIP financing, and guarantee warranties (or is that warranty guarantees?), which could help boost sales. So will it work? "It could be messy. It could end up really badly for the company. But it is the American way."