Big Three Bubble To Burst – Bailout or Bankruptcy Best Tool?
November 19, 2008 General Interest, Service Manager, Tech/Mechanic 2 CommentsCourtesy of Brainstuck.com
Big three auto makers bubble is soon to burst, the question is should the Government bail them out? What is the best tool to use when it comes to their situation? What would your grandparents suggest? And what guarantee do we have that they won’t come back again later knocking on our door, begging for money like a drug addict in the middle of the night. What remains obviously apparent is that without bankruptcy, the big three will not be able to re-negotiate their obligations with the unions. No doubt, the unions have done their job of getting every dollar that they could for their members. The problem is, they may have just priced themselves out of a job.