Bankruptcy. Reorganization. Secured Federal loans. Fire the management that created this mess by ignoring industry trends to more compact and fuel efficient cars. Don't screw the workers. They didn't sit in the ivory tower and make stupid decisions. Fed should come up with a universal health care plan like most civilized countries have so as to reduce operating costs for auto companies and all other industries and businesses. This can be done. Just requires the will to make hard decisions and leave ideology behind.
PS Sell the corporate jets
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