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Perhaps bankruptcy would help Big Three more than a bailout (The Sarasota Herald-Tribune)
Seldom has a column generated the response seen last week. The vast majority of comments favored letting General Motors, Ford and Chrysler file for bankruptcy. The Big Three could then operate using "debtor in possession" financing, backed by the federal government.
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Financial crisis: Why bailouts are not the answer (rediff.com)
It is far better for the companies (which have continued to stress the production of gas-guzzlers because they are more profitable) to file for bankruptcy if and when they run out of cash, and then undertake the long-delayed restructuring of their businesses under creditor protection.
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Advantage of Corporate Bankruptcy Is Dwindling (New York Times)
More companies that file for bankruptcy protection are shutting down because they cannot obtain enough financing to operate while they reorganize.
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Sen. Brown wants to help Detroit's Big Three (The Sandusky Register)
SANDUSKY If you think the recession seems bad now, what until you see what happens if Detroit’s Big Three automakers are allowed to collapse, U.S. Sen. Sherrod Brown warns.
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Advantage of corporate bankruptcy is dwindling in U.S. (International Herald Tribune)
More U.S. companies that file for bankruptcy protection are shutting down because they cannot obtain enough financing to operate while they reorganize.
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Short-lived State Theatre faces lawsuits, bankruptcy (Daily Nebraskan)
The screen's gone blank. The couches are empty, and the booze has vanished from the now-defunct State Theatre. After a rocky 17-month stint, the theater, located at 1415 O St., is calling it quits, citing financial difficulties. Owner David McNeil said he plans to file for bankruptcy.
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Bailout and bankruptcy (Tulane Hullabaloo)
It seems we are at the proverbial fork in the road when it comes to government intervention in the auto industry. Either taxpayers provide $25 billion dollars to bail out the auto companies or give nothing and let the three major American automakers, General Motors, Ford and Chrysler, go bankrupt.
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GM bankruptcy could put thousands Canadians out of work: analysts (The Canadian Press via Yahoo! Canada News)
TORONTO - It's highly likely General Motors will be forced to seek bankruptcy protection if the U.S. and Canadian governments don't reach a decision soon on a multibillion-dollar bailout package for the auto sector, a move which could put thousands of Canadian GM employees out of work, plus thousands more in spinoff industries, analysts say.
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GM bankruptcy could put thousands of Canadians out of work: analysts (The Canadian Press via Yahoo! Canada News)
TORONTO - It's highly likely General Motors will be forced to declare bankruptcy before the U.S. and Canadian governments reach a decision on a bailout package, a move which could put thousands of Canadian GM employees out of work, plus thousands more in spinoff industries, analysts say.
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Co-owner of TWDC facing bankruptcy (The Woodlands Villager)
Bankruptcy looks likely for the owner of The Woodlands Development Company and The Woodlands Mall.
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