"A bankruptcy filing by two of the Detroit Big Three would cost taxpayers more than four times what they would pay if Congress was to give them a $30 billion bridge loan, according to a report
released this morning by Anderson Economic Group and BBK, an international business advisory firm," the Detroit News reports.
Not much in the
Times story -- "Car Dealers Brace for Closings, Or For A Fight, As Detroit Seeks Help" --
that you haven't read before except for further insight into the trickle-down effect that automakers' woes will have on the economy. Car dealers say that "they build goodwill for
automobile companies by supporting local Little League teams and other charities," we're told.
Not only are Sam Zell's Chicago Cubs caught up in the financial malaise,
it appears that Bob's Buick Badgers are, too.
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Read the whole story at Detroit News, New York Times »