The heads of the Big Three are again on their way to Washington to ask for bailout money, and financial and political bloggers are offering their opinions. US News & World Report's business blog Flow Chart lists the seven worst ideas on how to rescue Detroit.
Deal Journal's Heidi Moore questions Ford Motor Co.'s CEO Alan Mullaly's sincerity about his company's restructuring plan, noting that the provision to possibly sell Volvo is in fact nothing new having been the industry's worst-kept secret since July.
So what's another $25 billion or even $50 billion to save Detroit anyway, when the total bailout's tab is $8.5 trillion? Blogger and investor Barry Ritholtz offers an estimate for the total cost of the government's various bailouts.
On the topic of distressed businesses with a long history, investor and blogger Chad Brand makes the case that Sears Holdings Corp. has a lot in common with GM.
Sears also will have something in common with now defunct investment bank Lehman Brothers Holdings Inc. with the recent hiring of Scott Freidheim, an executive vice president who DealBook described as Dick Fuld's right-hand man. - Matthew Wurtzel
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