Thursday, December 04, 2008

Can the Big Three survive a bailout?

CNN Commentary: Can the Big Three survive a bailout?: "The Big Three automakers yesterday presented impressive plans to Congress that justified their need for bridge loans to help them regain their competitiveness in light of a vehicle market that has crashed into a wall.

Such loans won't simply help support a vital portion of American industry, they will help prevent a much greater potential economic disaster. The commercial and strategic importance of the auto sector simply cannot be overestimated."

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