On Sat, 6 Dec 2008 08:42:35 -0500, "Eisboch"
wrote:


"Boater" wrote in message
...


Sorry, but if we can bail out the useless pushers of paper on wall street
and get absolutely nothing in return, we can help the millions of real
working Americans whose jobs depend on the domestic auto industry. I don't
buy into the concept that bankruptcy reorganization will work for
Chrysler, Ford or GM.



Most of the members of Congress now realize that in their rush to do
something, they really screwed up the TARP bailout. They won't make that
mistake again.

The fairest and most efficient means to save the auto industry is through a
government (taxpayer) supported, pre-packaged Chapter 11 filing. They
don't go immediately out of business.
Current workers continue working. But, a federal judge will arbitrate new
contracts, vendor payments, and the negotiations required to accomplish
these. Government (taxpayer) financial support can be given subject to
specific uses for the money, as overseen by the bankrupcy court.

Exactly.

Perfectly phrased.

--

"Far better it is to dare mighty things,
to win glorious triumphs even though
checkered by failure, than to rank with
those poor spirits who neither enjoy nor
suffer much because they live in the gray
twilight that knows neither victory nor
defeat."

Theodore Roosevelt