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Bankruptcy Still Best
Posted By Conn Carroll On January 13, 2009 @ 10:08 am In Economics | Comments Disabled
Heritage analyst Andrew Grossman will be discussing the auto bailout with Wall Street Journal Former Detroit Bureau Chief Paul Ingrassia, Competitive Enterprise Institute General Counsel Sam Kazman, and Mackinac Center for Public Policy Senior Economist David Littmann. The panel can be seen live here  at 10:30, and will also be available for viewing afterward .
Here’s a quick preview  of Grossman’s thoughts on the subject:
Bankruptcy Law Exists for a Reason
With recent job losses across the economy, lawmakers are understandably nervous to subject themselves to the charge that they have allowed further business failures, and more job losses, to occur on their watch. But this charge is easily rebutted, for it misunderstands the role of bankruptcy law in revitalizing businesses. Properly understood, reorganization in bankruptcy represents the best chance for General Motors and Chrysler to survive and prosper.
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2009/01/13/bankruptcy-still-best/
URLs in this post:
 here: http://www.soundque.com/bcast/streamMPPI.html
 quick preview: http://www.heritage.org/Research/Economy/wm2165.cfm
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