"The Editors" say: "Don't exhaust the Treasury to keep insolvent financial giants alive. Liquidate failed banks, sell off the assets and let shareholders eat the dust."
I totally agree, and the exact same logic applies to the Detroit Three, who are about to ask for more, more and yet more. Let the shareholders, workers, UAW, bondholders, etc. sort it out in bankuptcy.
Meanwhile, the UAW walked out of talks with GM and Chrysler, making company liquidations rather more likely.
John D. Froelich
Upper Darby , PA
Feb 14 2009 - 4:47pm