"Tom Francis - SWSports" wrote in
message ...
On Mon, 17 Nov 2008 06:59:56 -0500, "Eisboch"
wrote:

Here's an idea for the bailout versus bankruptcy debate as options for GM
(and possibly Ford and Chrysler)


Do both.

Agree to a government (taxpayer) financed cash infusion as part of the
reorganization plan in Chapter 11 bankruptcy.

On the other hand...

http://www.nytimes.com/2008/11/17/bu...hp&oref=slogin


That's an option and it does away with unions for the most part.

I'd like to see the American auto industry survive, even if it still
includes union contracts and workers.
But, the whole structure including products, management and union
relationships/contracts needs to be rewritten, using a blank sheet. The
bailout plus Chapter 11 concept takes those decisions out of the hands of
existing management and BOD's and puts them in the hands of the bankrupcy
court.

Eisboch