Legal Commentary

Head v. Head v. Heart

By Professor University of Miami School of Law

Part of my head says that there may be reasons to nationalize the auto companies in order to insulate workers from the effects of the current panic. Another part of my head says that this ought to be possible via a bankruptcy workout.

In practice, of course, we are not yet ready to do nationalizations (give it a few months and tens of billions) but instead will give the shareholders and management a giant payment from tax money.

Which leads my heart to say something like this.

Full post as published by Discourse.net on December 09, 2008 (boomark / email).