More government help for GM and Chrysler?

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Alex Szczech's picture
Alex Szczech
Status: Silver Member (Offline)
Joined: Dec 31 2008
Posts: 105
More government help for GM and Chrysler?

No surprise here. It appears the Obama administration is preparing to step in with more assistance to GM and Chrysler on the condition they further restructure their operations. http://blogs.tnr.com/tnr/blogs/the_plank/archive/2009/03/27/obama-previe...

 

Alex Szczech's picture
Alex Szczech
Status: Silver Member (Offline)
Joined: Dec 31 2008
Posts: 105
Re: More government help for GM and Chrysler?
I must say that I was pleased that the Obama administration didn't roll over and simply give GM and Chrysler more government aid. Rather, Obama appears serious about getting the various factions to work together (and make the necessary sacrifices) to restructure their operations. And if they don't, restructuring under bankruptcy looms.  We'll see how this plays out, but yesterday's action was encouraging. For some analysis: http://www.istockanalyst.com/article/viewiStockNews/articleid/3160215

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