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A detailed plan from any member of the big three that wants a portion of the bailout, subject to gov't approval. Also, a condition that the loan has to be repaid. This will give the big three time/resources to restructure without the fallout of an actual bankruptcy (which will KILL consumer demand altogether, and have irrevocable effects on the hundreds if not thousands of companies dependent on them for survival, IE parts suppliers). Remember, even if they survive a cash flow crisis and the lag time that comes with bankruptcy and restructuring, the smaller companies that do business with them may not.
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02:30:30 11/26/08
