ST Alpha - "Bush considering government-backed DIP financing for an "orderly bankruptcy" of auto companies. -- (link)" (Reading a Post)

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Bush considering government-backed DIP financing for an "orderly bankruptcy" of auto companies. -- (link)

Posted by znufrii Dec 18 '08, 10:11

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http://www.nytimes.com/2008/12/19/business/19auto.html?hp (www.nytimes.com)

Responses:

"the government would give G.M. and Chrysler enough financing to operate for several months. Then a government-selected overseer would bring together - Loyola Dec 18, 10:20 4
- [deleted] 3
  - and also assures that the companies will be able to have financing to continue to operate under bankruptcy protection - znufrii Dec 18, 10:27 2
    - [deleted] 1
      - but removing the uncertainty from the process is only a good thing. -- nm - znufrii Dec 18, 10:32
[deleted] 2
- when's obama gonna name him Secretary of Wealth? -- nm - pigby Dec 18, 10:20
- pretty much - znufrii Dec 18, 10:14
"the only solution that makes the least bit of sense." I concur. -- nm - Eight Tiny Vermin Dec 18, 10:12 2
- Me too. -- nm - TFox Dec 18, 10:17
- "Doesn't want to saddle President-Elect Obama with a major catastrophe on his first day." - O Taurenbaum Dec 18, 10:14

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