http://www.bloomberg.com/apps/news?p...QiQ&refer=home
According to Moody's, there's a 70% change that a gov't backed bankruptcy will happen. I think this is probably the right thing: auto companies will be able to restructure, and gov't backing will reassure otherwise skittish consumers that the Big 3 won't liquidate.
According to Moody's, there's a 70% change that a gov't backed bankruptcy will happen. I think this is probably the right thing: auto companies will be able to restructure, and gov't backing will reassure otherwise skittish consumers that the Big 3 won't liquidate.
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