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Bankruptcy Is Best: Responding to Automakers' Arguments against Chapter 11 Restructuring

Last week, the chiefs of the Big Three automakers returned to Washington bearing "turnaround plans' that they say will, with the addition of $34 billion in government loan guarantees, return their firms to profitability. But in revealing the dire straights faced by General Motors and Chrysler (Ford, despite its request, says it really does not need taxpayer dollars), the plans provide further evidence that a taxpayer bailout will be insufficient to save the industry.
United States Edward Altman Luigi Zingales Chrysler Ford Andrewm Grossman United Airlines

"The U. S. A. Is Ours, All Of Us." Liberty Magazine, 1942.

Magazines: United We Stand; Television, Internet, And Social Media: Divided We Sit. Part ThreeLessons from the past for today’s magazine editors and publishers… “Whoever has ears, let them hear.” Matthew 13:9Not all the magazines of July 1942 carried the American flag on the cover, however each magazine, in its own way,
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