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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (114618)	12/5/2008 9:29:21 AM
From: skinowski	2 Recommendations Read Replies (2) \| Respond to of 206347

Such a drastic reorganization as suggested by Roubini would not be all too different from an old fashioned honest bankruptcy - without the need to pull an army of politicians into the process, and without spending tons of taxpayer's money. Socializing the auto industry would be an expensive mess. Let them go down, bond and shareholders of failing enterprises would lose money, new owners would take over assets for pennies on the dollar - and life would go on, and the industry would be reborn - and renewed.