We’re not in favour, we think that a Chapter 11 reorganization would be much better, but we recognize that no solution is perfect. Big retrenchment is unavoidable anyway
Some of the articles:
- Obama wants rescue but tied to regulation
- Why a bail-out is necessary
- Why a bail-out is necessary II
- Why a bail-out is necessary III
- Some of the past mistakes
- Some of the past mistakes II
- Big retrenchment is necessary anyway
- And even a Chapter 11 restructuring has it’s dangers
So there you go, most perpectives present. It’s a vexing problem..