I've been wondering why bankruptcy is not a viable option for the automakers. Bankruptcy allows debt to be restructured or eliminated and a company can emerge in a much stronger position to actually be successful. I've not closed my mind to the idea that there may be a reason, but I've not seen anyone offer a convincing reason why a bailout is preferable to bankruptcy. But today we've got a good round of opinions on it.
Justin Fox
Brad DeLong
Jonathan Cohn
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment