Provide a fresh start for ailing companies within an organized system.
Chapter 11 is not liquidation. Filing for bankruptcy does not mean that GM goes out of business.
The answer is an old fashioned one: (they) should choose between receivership or bankruptcy.
Only bankruptcy can force Detroit to change.
...bankruptcy will finally allow G.M. to save costs and more effectively bargain with its various counterparties...
chapter 11 will likely be used in conjunction with a bailout.
Bankruptcy puts a damper on consumer confidence and vehicle demand.
The real crisis brewing in the industry swirls around the auto parts suppliers.
The technology is beginning to appear to make us think very differently about cars
...the Big Three have made significant strides in resolving their problems outside of a formal bankruptcy proceeding.
a loan -- not a bailout
The parties should understand that the time for negotiation is here and they can no longer wait...
There are two primary problems with any governmental “bailout”
Poll Finds Most Blame Industry for Problems, Believe Failure Won't Hurt Economy
In short, Detroit and the public have little to fear from a bankruptcy filing...
North America is the automotive world’s largest and most dynamic market
The bailouts, approaching $8 trillion, are rewarding misfeasance, malfeasance, and poor judgment.
The bankruptcy process is designed to confront and resolve complex problems.
The U.S. auto industry needs a shakeout, not a bailout. What we are witnessing is an attempted shakedown.
In truth, GM already has conceded that it's bankrupt -- by publicly stating it's nearly out of cash...
What is clear is that the loans are no guarantee these companies will survive.
There are at least three important ways an industry bailout could damage America's engagement in the global economy.
This gives the auto manufacturers “cover”...
Should the government insist on conditions...?
The President is correct in rejecting bankruptcy because that would hinder, not help, our effort
...a failure of [GM or Chrysler] could imperil their shared base of auto-part suppliers
There will be rigorous oversight to make sure that these companies are doing what they promised to do.
I am pleased that the Administration will provide critical bridge financing for these companies.
... when conditions are so fragile, we can’t risk a staggering blow to the national economy ...
An actual bankruptcy filing may amplify the risks of liquidation.
A quick bankruptcy is impossible. Chapter 11 would take years to unfold, during which time the companies would lose unrecoverable market share.
Car makers tend to buy individual parts from single sources, making disruptions more problematic.
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