CEOs of Big 3 undergo ritual humiliation

12/5/2008 | Washington Post, The

As senators heard it Thursday, letting the U.S. auto industry go bankrupt would be "cataclysmic" to the economy, but the bailout remains unpopular with voters. What's a senator to do? Columnist Dana Milbank says lawmakers had evidently settled on a solution by the time the CEOs of GM, Ford and Chrysler returned for Round 2 before the Senate banking committee: First the shame, then the shell-out.

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