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In response to
"Romney: Let Detroit go bankrupt -- (link)"
by
znufrii
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Chapter 11. Or de facto Chap 11, with government intervention only after. Void all contracts, sack CEOs and BoDs.
Posted by
TWuG
Nov 19 '08, 10:40
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Then merge the big three, cut all duplicative departments, jobs, products.
Only then do they get money.
And keep the unions out for 5 years, then they have to go up for a vote before they can get back in.
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