I don't know why. American auto companies should have filed for bankruptcy years ago, but the will to do so wasn't there. So now that we've paid over $60 billion for a company that is worth about $1 billion in stock, let's think about why we paid so much...I still can't think of why.
Robert Reich has given this some thought. I recommend reading his ideas. Plus, he chose the same theme I did for his blog. Great minds think alike, right? :)
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