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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: research1234 who wrote (33419)	11/6/2012 1:17:47 PM
From: TimF	1 Recommendation Respond to of 85487

If the companies had gone in to bankruptcy earlier, rather then effectively holding themselves hostage, additional equity might not have been needed (and would have been more available, because they wouldn't have been in as bad of shape, because their management would have shown itself to be more responsible, and because you wouldn't have had government dictating the terms). The US auto industry would have likely ended up either owned by non-US interests, or it would have virtually disappeared. 1 - You forget about Ford. 2 - If that would have happened, even with a timely bankruptcy, then its probably what should have happened.

To: research1234 who wrote (33419)	11/6/2012 1:18:01 PM
From: Sdgla	2 Recommendations Read Replies (1) \| Respond to of 85487

How about rewriting contract law in order to pay off the union employees and raping the non union workers out of their pensions ? Was interested in your response to this pst as well : Message 28524040

To: research1234 who wrote (33419)	11/6/2012 1:42:03 PM
From: TimF	1 Recommendation Read Replies (2) \| Respond to of 85487

likely ended up either owned by non-US interests Which wasn't a prospect for Ford, and which happened to Chrysler anyway.