Bailout? Goverment Should Lead Takeover of “Big 3”

They’re baaack…The “Big 3” automakers are back lobbying Washington D.C. lawmakers to expropriate billions of dollars to guarantee some $50 billion in loans they say they need to carry out restructuring plans. Better idea: Why doesn’t government, along with any private sector investors big and brave enough, just get it over with, take them over, boot out management, restructure and re-privatize them?