Open Thread Monday: GM BAILOUT With Update*

November 17, 2008

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The word is getting out that the once $700 billion dollar bailout of the financial industries may be instead a $350 billion one. The idea is to leave Obama with the rest of the decisions on whom to bail out. Here.
Meantime there’s a great article in the WSJ today about allowing American auto companies to declare bankruptcy in order to re-do all of their existing contracts.

Tell ’em where you saw it. Http://www.victoriataft.com