[Homestead] The auto bailout
Rob
becida at comcast.net
Tue Nov 18 01:07:29 EST 2008
At 11/17/2008 09:48 PM,Marie McHarry wrote:
>I just read an article about bailing out the auto companies in the New
>Republic. I'm not sure what I think about it. Yeah, they've screwed
>their ownselves into the ground, but I hear their cars are getting
>better. If they do end up going bankrupt through Chapter 7 -- well,
>that would be extremely disruptive, and right now that could cause a
>domino effect. So, I dunno. As is usual in TNR, the letters are at
>least as instructive as the article.
>
>http://www.tnr.com/politics/story.html?id=a4893b49-36df-4784-9859-2dfa3a3211bf
>or
>http://tinyurl.com/6qrjjz
>
>Marie
I just read a piece about the auto makers. The point was there have
been hundreds of billions for paper pushers but they balk at the auto
companies who actually make something.
They are asking well less than half they gave to AIG (the first time).
This whole thing is nuts but to cut off a manufacturer while
supporting all the paper shufflers....
Rob
becida at comcast.net
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