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Chapter 11 is the right road for US carmakers

hypocritexposer

Well-known member
The debate about whether or not to bail out the Big Three carmakers has been mischaracterised. It has been described as a package to help the undeserving dinosaurs of Detroit. In fact, a plan to bail out the carmakers would benefit shareholders and bondholders as much as anybody else. These are not the people that need help right now. In fact they contributed to the problem.

http://www.ft.com/cms/s/0/1a2e2042-c79f-11dd-b611-000077b07658.html?nclick_check=1
 
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