Paulson: 'Orderly' Auto Bankruptcy May Be Necessary

"This is a time when it makes sense to be prudent" and rescue the automakers, the Treasury Secretary tells BusinessWeek Editor-in-Chief Stephen Adler

Treasury Secretary Henry Paulson said Dec. 18 that the government should exhaust all other options before allowing troubled U.S. automakers to fall into bankruptcy. But Paulson said bankruptcy might end up being the right solution if other measures fail.

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