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Could Detroit Trigger a New Global Meltdown?

If history is any indication, bankruptcy filings by American automakers could have aftershocks around the world.

articles/2008/11/30/could-detroit-trigger-a-new-global-meltdown/weisman-detroit-economy_6186_drpd6v
Carlos Osorio
articles/2008/11/30/could-detroit-trigger-a-new-global-meltdown/weisman-detroit-economy_6186_x1zjjf

Would the auto industry, and would we all, be better off if Ford, General Motors and Chrysler were allowed to go bankrupt?

The possibility became more real last night, as the Senate rejected the bailout proposal endorsed by President Bush and Congressional Democrats.

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