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DETROIT'S DAY OF RECKONING IN THE U.S. SENATE |
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Well, it looks like the jig is up, the party’s over, the lights are out and Detroit has left the building.
And instead of a $25 or $50 billion golden goose, it appears Chapter 11 bankruptcy, which allows a company to stay in business while they reorganize with a government overseer, seems to be where the Detroit Three are headed.
Today, predictably and correctly, the heads of the Detroit Three are being raked over the coals – again - not only for their performances at yesterday’s Senate hearings, but how they got from Detroit to D.C. and back again for the hearings.
(A member of Code Pink holds a "Shame" sign behind Chrysler's Nardelli during his testimony; this group of brave women are at every important Congressional hearing, always making their case in imaginative ways).
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