That’s the argument at US News, and not a bad one.
Among other things, Rick Newman notes that Continental underwent bankruptcy not once but twice and is now a healthy airline.
Bankruptcy would also have Washington less on the hook for whatever money it will inevitably offer GM, too.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
Note: Labels can help describe people but should never be used to pin them to an anthill.
As seen at Washington Babylon and other fine establishments
November 19, 2008
Could bankruptcy be good for the General?
Labels:
General Motors
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