18 December 2008

White House considering "orderly" auto bankruptcy

Now THAT's more like it.

The Bush administration wants to avoid a "disorderly collapse" of the sector, Dana Perino told reporters on Thursday.

There is an "orderly way to do bankruptcies that provides for more of a soft landing," Perino said.

"That would be one of the options. I'm not saying that is necessarily what would be announced," she said, according to Reuters

NO BAILOUTS. Have we made ourselves clear? - Assuming anyone with the power to prevent them is listening!

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