GM and Chysler Bankruptcies

[Kevin]

To me, the perfect solution would be to divide GM back into multiple car companies and divide the stocks accordingly. Then, give each one 1 year of bankruptcy protection to reorganize, and figure out how to emerge if they can with a vibrant new competitive company. Back off on the CAFE standards as a mandate, but instead turn them into some type of incentive system. Bring the UAW and all the car companies in the US to sit down at the table and hammer out a realistic labor plan for the next 10 years, then everyone signs it and lives with it. I would be more comfortable with the members of the UAW owning 60% of GM, rather than the US government. The way to make these companies succeed is to give them a predictable future. Which means, you need to have a comprehensive transportation plan that considers roads, transit, energy, and industry. The problem is that what we have now is the beginnings of at least a $100 billion quagmire.

The Baby Bells of the Automotive Industry. Not the same I know but it just kinda popped into my head. :)

I actually wouldn't have a problem with any of it, and I does help to know where you're coming from.

Of course I think if they had failed and not been federally interfered with in the failure that something like that may have come out of the bankruptcy court.