We also know that the incipiency of bankruptcy tends to focus the mind and produce real offers. Why don't we tell the current Big Three that $25 billion in capital is available—but only to two of them? The surviving two will be those that submit the best, and final, binding bids, supported by all the necessary constituencies: boards, managers, suppliers, vendors, creditors, and the UAW.
Friday, December 12, 2008
Would you buy a used car company from this man?
This strikes me as rather inspired and sensible. From everyone's favorite sock-wearing former Governor: