Litigation

That auto bailout

By Ted Frank

Out of the Storm News rounds up some opinion on the GM and Chrysler bailout:

Ted Frank, adjunct fellow at the Manhattan Institute, sees more than an unpaid bill on the horizon. "The worst part of the bailouts was the way the administration used political threats to trample over established bankruptcy law and settled expectations," he says "In the long run, the bailout will cost far more jobs than it saves, even in the unlikely event that GM and Chrysler pay back the government in full."

Full post as published by Point of Law on October 14, 2010 (boomark / email).