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I also think the govt could help them MOST by letting them go bankrupt.. it's the only way to permit the companies to make the MASSIVE changes necessary... a bailout is merely life support
Bankruptcy lets them go back to the unions and start over... It gives them a position of power to say, if we can't make the radical changes, we're done.. With a bailout, the unions could still make demands and be in positions of strength...
Exact same is true of top managerial ranks and their inconceivable bonus programs... Lose money, still make bonus... This one could possibly be fixed both way.. bankruptcy and bail out... with govt mandates to stop the crap
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