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Politics : President Barack Obama
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To: TigerPaw who wrote (45511)11/21/2008 11:40:32 PM
From: stockman_scott  Read Replies (2) of 149317
 
Bankruptcy for GM, Ford and Chrysler would cause systemic risk for our economic system...Especially since we are in such a weak state right now...Too many unintended consequences...Crisis provides opportunity for all the stakeholders to come together and find a solution (and Obama is committed to doing that)...Letting GM fail would be like letting Lehman Brothers fail (which was a huge mistake that has had a big ripple effect on the global financial markets).
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