Lynch, other Mass. congressmen help doom bailout
Three of the 228 "no" votes that scuttled a Congressional bailout package and sent stocks tumbling were cast by Massachusetts congressmen.
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#1 Nov 18, 2008
I don't think there is any bailout for the auto industry. GM has already filed the Chapter 11, which let them reorganize its structure and cut all benefits for its employees. I'm sure if it gets the bailout money, it will act just like the United Airlines which filed Chapter 11 before. We can foresee that the only party who is suffering is the employees.
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