It appears that the world is so concerned about the impending collapse of GM and Chrysler and how the U.S. government will act on the matter. Last week, when officials of the federal government said the collapse of the Big 3 is investibale, a mixed reaction came up. Auto makers Toyota and Honda do not favor a Big 3 falldown. Several experts also agreed with Treasury Secretary Henry Paulson that bankruptcy might be the solution.

However, when the government announced that it will shell out some money ($17.4 billion) to save the GM and Chrysler, most of the stock markets today in Asia dipped. It seems that this bailout is not effective anyway in easing the already turbulent global situation. But what is apparent is that the auto industry bailout is not actually what makes the world worry. How the ongoing financial crisis will be solved is the most troubling issue. In fact, how will the U.S. economy recover is the main cause of concern among the businessmen.

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Posted by Jones on January 5th, 2009 :: Filed under $$$ COMPANIES, $$$ CRISIS, SIMPLY SCANDALOUS
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