Auto Bailouts and What To Do About Them
http://www.lewrockwell.com/hamilton/hamilton9.html
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The automotive bailouts
Ayn R. Key
by Ayn R. Key
11/23/08
The ‘Big Three’ of the automobile industry are lining up to be next at the trough of government funds. For a pleasant change, Congress is insisting on knowing what the money will be spent on before wasting it on yet another bailout that will do more harm than good. If they do not get a bailout, they will probably have to go into Chapter 11 bankruptcy, which will cause a restructuring of the companies and a renegotiation of the contracts. The companies will not actually disappear. While it was the executives that went to Washington to ask for the bailout, the major supporter of the bailout is the unions...
http://aynrkey.blogspot.com/2008/11/automotive-bailouts.html
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=automaker
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=/hamilton
http://freepage.twoday.net/search?q=Ayn+R.+Key
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The automotive bailouts
Ayn R. Key
by Ayn R. Key
11/23/08
The ‘Big Three’ of the automobile industry are lining up to be next at the trough of government funds. For a pleasant change, Congress is insisting on knowing what the money will be spent on before wasting it on yet another bailout that will do more harm than good. If they do not get a bailout, they will probably have to go into Chapter 11 bankruptcy, which will cause a restructuring of the companies and a renegotiation of the contracts. The companies will not actually disappear. While it was the executives that went to Washington to ask for the bailout, the major supporter of the bailout is the unions...
http://aynrkey.blogspot.com/2008/11/automotive-bailouts.html
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=automaker
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=/hamilton
http://freepage.twoday.net/search?q=Ayn+R.+Key
rudkla - 25. Nov, 06:26
