Help for the Big Three Automakers

    Detroit automakers Ford, GM and Chrysler have asked Congress to loan them $25 billion dollars. That’s in addition to the $25 billion loan Congress approved in September to help the companies develop more fuel-efficient cars. Should the government bail out the big three or is letting them declare bankruptcy and reorganize a better option? We’re joined by University of Chicago law professor DOUGLAS BAIRD and Wharton professor JOHN PAUL MacDUFFIE. Listen to the mp3

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