Does anyone care about economic common sense?

QandO
by McQ

11/13/08

A bailout won’t fix GM. It will only prop it up. And given it’s situation, that won’t last long either. So it most likely would mean a further ‘investment’ would be necessary later — the AIG model if you will. Bankruptcy is not only the smarter choice, it avoids the moral hazard inherent in government bailouts as well as avoiding throwing good money after bad...

//www.qando.net/details.aspx?Entry=9704


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=bailout
//freepage.twoday.net/search?q=AIG+insurance
//freepage.twoday.net/search?q=bankruptcy

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