Obama considering bankruptcy package for automakers

Discussion in 'Economy' started by DavidS, Nov 21, 2008.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    Nov. 21 (Bloomberg) -- President-Elect Barack Obama‘s transition team is exploring a swift, prepackaged bankruptcy for automakers as a possible solution to the industry’s financial crisis, according to a person familiar with the matter.

    Story here:

    Interesting tidbit:

     
  2. editec
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    editec Mr. Forgot-it-All

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    Having a real PLAN before handing billions of dollars to help them?

    What a reasonable thing to expect.

    Wish we'd had that foresight before we bailed out the banks.
     

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