[Homestead] The auto bailout
lurine at softcom.net
Tue Nov 18 02:15:52 EST 2008
Going directly to Chapter 7 makes no sense at all. Sounds like more
fearmongering so they'll get the money they want to, to be blunt, piss away
on their CEOs and other nonsense.
Look what the idjits did with the electric cars.
----- Original Message -----
From: "Marie McHarry" <mmcharry at gmail.com>
>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.
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