General Motors (GM) has approached the U.S. Federal Reserve for cash injection so that its business can continue operation. Many including new President-elect Barack Obama see this bailout necessary to avoid job losses and fall of manufacturing sector.
However, Ludwig von Mises Institute has a different point of view regarding whether to bailout GM. In summary, an article published by them says the bailout should not proceed and GM should file for bankruptcy.
Yet Another GM Bailout [via]
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Get accurate and real-time bus arrival information for public bus operators in Singapore, including SBS Transit, SMRT Buses, Go-Ahead Singap...
-
According to the Firefox developer team, Firefox 3 will be launched on 17th June 2008. From the Firefox Developer blog, they are attempting ...
-
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
-
Google url shortener service, goo.gl , is now much improved with newly included features like easier copy and paste, and ability to delete e...
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.