Looks like a horrid day at work today. I need to be getting on the phone, but the question of the day is largely about an auto bailout. Is it a good thing? No. Is it good if nothing is done and they fail? No. Which steaming pile would we like today? I am not equipped to speak about which direction is better, because both outcomes are horrible for the economy. One right now, the other a bit later - but maybe we'll be a bit more equipped for a Big 3 failure later when we get some of this other crap weighing the world down off the table.
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