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The Cornell Daily Sun - Independent Since 1880

The Cornell Daily Sun (https://cornellsun.com/2008/11/24/covers-from-november-24-2008/)

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November 24, 2008
Uncategorized

Covers from November 24, 2008

By John Schroeder | November 24, 2008
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  • Three Cheers for Chapter 11

    By Lee Blum November 25, 2008

    This week the CEO’s of the Big Three (GM, Ford and Chrysler) begged Congress for money, as they flew into Washington on their private jets. Congress has correctly denied funding and now the Big Three are left on their own. However, Congress should help out U.S. auto manufacturers, but not by providing them money outright. Congress should promote Chapter 11 bankruptcy by the automakers, encourage them to revamp their business models and provide adequate funding and programs for any employees adversely affected by the bankruptcy.

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