By giving the auto companies a chance to restructure, we will shield the American people from a harsh economic blow at a vulnerable time.
While GM has made a good faith effort to restructure over the past several months, the plan they have put forward is, in its current form, not strong enough.
The main part of the plan calls for spending up to $75 billion of Treasury's TARP funds to restructure the loans of homeowners who are behind on their mortgages or at immediate risk .
LDK Solar Expects to Restructure $240 Million in Debt LDK Solar Ltd. (LDK) , the second most-indebted solar manufacturer, expects to restructure “in the next 30 days” a $240 million debt that was due last week.
June 11, 2013 - Bloomberg
Omid Kordestani in The Age We did look at a number of different options but ultimately concluded that we had to restructure our organisations in order to improve our effectiveness and efficiency as a business,Google senior vice president of sales and business...
Mitt Romney in International Herald Tribune Romney, who was born in Detroit and whose father was an auto industry executive, wrote: "Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course - the suicidal course of declining...
President Bush in Washington Times In normal circumstances, no question the bankruptcy court is the best way to sort through credit and debt and restructure. These aren't normal circumstances, that's the problem,Mr. Bush said, speaking to employees and guests of the American...