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Ken's Stocks Blog

By Ken Little, About.com Guide to Stocks since 2004

Another Monday Bailout?

Sunday December 7, 2008
There is an excellent chance Monday will bring news of another bailout – this one for the almost dead automobile industry.

There are too many jobs directly and indirectly tied to the Big 3 to let them fail.

However, if Congress doesn’t put some very tough strings on the money, it will only succeed in postponing the inevitable (or another bailout).

If the automakers won’t reform (and nothing in their recent past says they will), Congress must insist that new leadership be put in place to effect the change.

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