RE: GM / Chrysler story
As I read it, the big hang up for the Gov't was the need for financing as well as the job losses. A non-financial services bailout on top of the recent Banking one would not go over well I suspect and would open the door to others in dire straits.
I'm hoping Chrysler hangs in there but have little faith in Cerberus(sp?) to hang onto them. They've been shopping Chrysler as a full entity as well as broken up...not a good sign for a private equity firm that is used to buying companies and spitting them out in pieces for greater profit...