Obama Said to Find Bankruptcy Likely for GM, Chrysler - Bloomberg
Thank you - finally. Capitalism still has a breath or two left in her it seems.
Of course, this means we flushed $17 billion of taxpayer money down the toilet delaying the inevitable over the past few months.
Still, better to say goodbye to that $17 billion and stop the bleeding, rather than continuing to pour money into the blackhole that is the Detroit auto industry.
Source: bloomberg.com
