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Obama team mulls "prepack" auto bankruptcy: report
The transition team of President-elect Barack Obama is considering a swift prepackaged bankruptcy for automakers as an answer to the financial woes of the sector, reported Bloomberg News on Friday, citing a person familiar with the matter. |
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Obama Transition Said to Consider a ‘Prepack’ Auto Bankruptcy
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Nov. 21 (Bloomberg) -- President-Elect Barack Obama ‘s transition team is exploring a swift, prepackaged bankruptcy for automakers as a possible solution to the industry’s financial crisis, according to a person familiar with the matter. |
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Obama Transition Said to Consider a ‘Prepack’ Auto Bankruptcy
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Nov. 21 (Bloomberg) -- President-Elect Barack Obamaâ€s transition team is exploring a swift, prepackaged bankruptcy for automakers as a possible solution to the industryâ€s financial crisis, according to a person familiar with the matter. |
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