1. October 2010 13:01
The latest issue of BCLB is now online. We note in particular the article by Corinne Ball, Jones Day, New York, regarding the epic Chrysler bailout:
The government's stated policies were to (i) avoid the economic suffering which would result from the failure of national industrials, (ii) generate jobs through actions directed at creating viable enterprises and, (iii) effect major cultural change to address the failures of the domestic auto industry. Time will tell if all of these objectives have been met. But doubtless millions of jobs were preserved, and economic devastation to communities throughout the North America's Midwest manufacturing belt was avoided.