Is a bankruptcy the best option for General Motors, Chrysler and Ford? While their CEOs insist otherwise and the risks would be high, a growing chorus of outsiders says yes. “It’s the only real option that would allow GM to take the steps necessary for its long-term survival,” asserts John Casesa, New York’s Casesa Strategic Advisors.
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I have added this story because I feel that it has a lot to say about the Auto Industry bailout that needs to be heard. I know this is not popular, but it has merit. However, we move from this point, we will only be affecting our legacy as a generation. It’s not about what is best for us at this point in history, but what is best for our people and the future of our nation. We have to ask ourselves what we can bring to the table, not what will the government hand out. This may not feel good, but it is necessary.
pd