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December 12, 2008
Nobel prize economist: Chapter 11 is the only way
I'm told economics is considered a science of sorts. So, there you have it - the US auto manufacturers need to go chapter 11. Its "science".
...The US car industry will not be shut down, but it does need to be restructured. That is what Chapter 11 of America’s bankruptcy code is supposed to do...
In unrelated news: Scandi fight! The Swedes are monumentally torqued that the Norwegians picked the American JSF fighter over the Saab Gripen.