Auto industry: Would bankruptcy have worked?

  1. Mighty Mom profile image91
    Mighty Momposted 4 years ago

    Bush/Obama actions went a different direction.
    Auto industry now is where it is.
    Hearing more and more that Romney was right all along. That a traditional bankruptcy would have been more effective.
    Here's one take on it.
    What do you think?

    http://dealbook.nytimes.com/2012/10/23/ … utomakers/

  2. movingout profile image60
    movingoutposted 4 years ago

    With the private sectors unwillingness or unable to loan to the industry, bankruptcy would have failed with the goverments help.

  3. innersmiff profile image79
    innersmiffposted 4 years ago

    Detroit should have gone bankrupt on principle - you don't confiscate money from people to give to failed businesses.

 
working