http://washingtonindependent.com/23225/white-house-throws-gmac-6-billion-rescue-line National News in Context Sun, 04 Mar 2012 13:30:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://washingtonindependent.com/23225/white-house-throws-gmac-6-billion-rescue-line/comment-page-1#comment-35817 Theresa Wed, 31 Dec 2008 00:15:38 +0000 http://washingtonindependent.com/?p=23225#comment-35817 I understand the need to keep Detroit afloat, but I do not see how merely throwing money at the problem is the correct solution. The popular justification for this bailout is to prevent bankruptcy, but is filing for Chapter Eleven and undertaking an in depth financial restructuring really such a bad thing? I understand the need to keep Detroit afloat, but I do not see how merely throwing money at the problem is the correct solution. The popular justification for this bailout is to prevent bankruptcy, but is filing for Chapter Eleven and undertaking an in depth financial restructuring really such a bad thing?

]]> http://washingtonindependent.com/23225/white-house-throws-gmac-6-billion-rescue-line/comment-page-1#comment-14509 Theresa Tue, 30 Dec 2008 16:15:38 +0000 http://washingtonindependent.com/?p=23225#comment-14509 I understand the need to keep Detroit afloat, but I do not see how merely throwing money at the problem is the correct solution. The popular justification for this bailout is to prevent bankruptcy, but is filing for Chapter Eleven and undertaking an in depth financial restructuring really such a bad thing? I understand the need to keep Detroit afloat, but I do not see how merely throwing money at the problem is the correct solution. The popular justification for this bailout is to prevent bankruptcy, but is filing for Chapter Eleven and undertaking an in depth financial restructuring really such a bad thing?

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