Bush considering “orderly” auto bankruptcy
The Bush administration is seriously considering “orderly” bankruptcy as a way of dealing with the desperately ailing U.S. auto industry.
“The president is not going to allow a disorderly collapse of the companies,” White House press secretary Dana Perino said Thursday. “A disorderly collapse would be something very chaotic that is a shock to the system.”
Clarion Ledger
12/18/8
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