I've been mulling over the Chrysler bankruptcy since it happened and one question keeps popping up:
Why did the government file for the bankruptcy in New York, and not in Michigan?
The federal government could just as easily have filed it at a federal courthouse in Michigan, as it did in New York. Many of Chrysler's debts are owed to Michigan businesses.
Not sure what the rationale was for filing this bankruptcy there instead of here, where Chrysler is headquartered.
No comments:
Post a Comment