tag:blogger.com,1999:blog-16220268.post1201920758682257700..comments2023-10-10T08:03:04.018-05:00Comments on Secondhand Smoking Jacks: Stiglitz, an Econ Nobel Laureate, on the upside of bankruptcy of the ThreeMichaelhttp://www.blogger.com/profile/10901973780238251138noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-16220268.post-13736508390896665062008-12-12T17:45:00.000-06:002008-12-12T17:45:00.000-06:00I think there will be short term and intermediate ...I think there will be short term and intermediate term pain.<BR/><BR/>But don't discount the "vultures." There are those who will swoop down on the carrion and put those assets (plant and personnel) to work.Scooterhttps://www.blogger.com/profile/00319045516368609297noreply@blogger.comtag:blogger.com,1999:blog-16220268.post-10418295446943434672008-12-12T14:28:00.000-06:002008-12-12T14:28:00.000-06:00I think I'm in favor of bankruptcy. But it's not ...I think I'm in favor of bankruptcy. But it's not as though that means that only the Big 3 themselves will feel the pain. Their suppliers will feel it and will probably go under too, and then their suppliers (raw materials) will feel it. And that may all be OK, it's just that we tend to overlook that when we say "Let them declare bankruptcy".Stephaniehttps://www.blogger.com/profile/02567967427556481084noreply@blogger.com