Paul Ingrassia: An Auto Show for Congress - WSJ.com: "They might consider Government Restructuring of the Entire Automotive Terrain. Except that even proponents of this bailout don't consider this situation to be GREAT. Another possibility would be Government Restructuring and Automotive Bailout, or GRAB. Which is what will happen when the bondholders, the union and the dealers, the environmental groups and other 'constituencies' battle -- as they surely and understandably will -- for their respective interests. The fighting will be fierce, and perhaps even fatal, unless the new law provides the companies with relief from contractual obligations, as they would get in an ordinary bankruptcy filing.
In any event, GREAT, GRAB or whatever they call the new auto-rescue law will come fast on the heels of the annual Detroit Auto Show"
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