A bridge loan is not a bailout. The actual bailout of Chrysler worked out quite well.
Airline bankruptcies have done little to stabilize the industry and turn around the financial problems. You really don't want to see the economic disaster that would result from a total meltdown of the automotive industry. On Fri, Nov 7, 2008 at 12:46 PM, Robert Munn <[EMAIL PROTECTED]> wrote: > GM, Ford, and Chrysler are all on life support right now. Should we save > them or let them go through bankruptcy? > > The way I see it, these companies need to go through BK so they can get a > fresh start without the albatross of the bad financial decisions of the past > hanging around their necks. Bush isn't going to bail them out, but Obama and > the Democratic Congress just might. > > Will a bailout help, or will it merely delay the inevitable death of > companies that are burdened with obligations they can no longer afford? > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:279359 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
