In a bankruptcy, the court system would have handled those same things.
Maybe it would have been more complicated in some ways, but then government by fiat is always more "efficient" and less time-consuming than freedom.
Current Events » in reply to But Obama's Auto Task Force has guided the whole process!!
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- Nationalization of GM update
- As opposed to the TB Plan
- Anyone understand the implications of this bankruptcy?
- You don't normally need the President's supervision to undergo a corporate bankruptcy procedure.
- By facilitating a smooth and rapid bankruptcy, the Obama administration is saving thousands of jobs.
- You also don't normally get government resources and guarantees. GM got a sweet deal. (n/t)
- Anyone understand the implications of this bankruptcy? (n/t)
- You don't normally need the President's supervision to undergo a corporate bankruptcy procedure.
- Tell me, Art...
- Anyone understand the implications of this bankruptcy?
- When capitalism fails something has to fill the vacuum.
- As opposed to the TB Plan