The Bailout of The UAW
Nov 26th, 2008 | By Steve McDonald | Category: Financial NewsThe UAW holds the key to the success of the U.S. auto industry. The recent Senate hearing with the CEOs of the big three car manufacturers was better than most sitcoms. The CEOs were unable to answer questions about how they plan to pay back the loans, or just avoided the question, or how long the loans would keep them afloat, or how they would change their business models to avoid asking the taxpayers to bail them out again. It went on and on.