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Corporate & Securities Law

: BusinessAssociationsBlog.com

Why the emerging auto bailout sucks

By Stephen Bainbridge

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AP report: A bailout plan for the failing U.S. auto industry could include a Cabinet-level oversight board and a provision to withdraw the money if the overseers decide the companies are failing to take steps to overhaul themselves. The plan would draw the emergency aid from an existing loan program meant to help the automakers build fuel-efficient vehicles. The size of the package...

[continued on site]

Full post as published by BusinessAssociationsBlog.com on December 08, 2008 (boomark / email).

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