TURKISH LABOR UNIONS AND ANTI-GOVT PROTESTERS RALLYING ACROSS THE COUNTRY *

MONDAY'S RALLIES COME IN RESPONSE TO A CRACKDOWN ON PROTESTERS WHO LED AN 18-DAY PROTEST IN ISTANBUL'S CENTRAL SQUARE *

THEY WERE PROTESTING PLANS TO REDEVELOP THE AREA, BUT WERE REMOVED BY RIOT POLICE ON SUN *

CLASHES WITH POLICE LEFT FIVE PEOPLE DEAD AND MORE THAN 5,000 INJURED *

NSA LEAKER EDWARD SNOWDEN SAYS IN AN ONLINE FORUM THAT HE CAN'T GET A FAIR TRIAL IN THE U.S. *

SNOWDEN SAYS ON THE GUARDIAN NEWSPAPER WEBSITE THAT THE U.S. GOVT "IMMEDIATELY AND PREDICTABLY" DESTROYED ANY POSSIBILITY OF A FAIR TRIAL AND OPENLY DECLARED HIM GUILTY OF TREASON *

SNOWDEN SAYS HE DIDN'T REVEAL ANY U.S. OPS AGAINST LEGITIMATE MILITARY TARGETS AND MAINTAINS HE ONLY POINTED OUT WHERE THE NSA HACKED CIVILIAN INFRASTRUCTURE *

RUSSIAN PRES VLADIMIR PUTIN TELLS PRES OBAMA THAT THE TWO DON'T SEE EYE-TO-EYE ON SYRIA *

PUTIN REMAINS ONE OF SYRIAN PRES BASHAR ASSAD'S STRONGEST POLITICAL ALLIES, WHILE THE U.S. IS GEARING UP TO ARM OPPOSITION GROUPS *

BOTH LDRS SAY THEY AGREE ON THE NEED TO PUSH FOR NEGOTIATIONS TO END THE COUNTRY'S TWO-YEAR CIVIL WAR *

OBAMA SAYS THE MEN ALSO SHARE AN INTEREST IN STOPPING VIOLENCE AND SECURING CHEMICAL WEAPONS *

PUTIN AND OBAMA MET AT THE G-8 SUMMIT IN N IRELAND MON *

SYRIAN PRES BASHAR ASSAD WARNS EUROPE "WILL PAY A PRICE" IF IT DECIDES TO ARM OPPOSITION GROUPS *

IN AN INTERVIEW WITH A GERMAN NEWSPAPER, ASSAD SAYS DOING SO WOULD BE TANTAMOUNT TO ARMING TERRORISTS *

ASSAD ALSO DISMISSED U.S. FINDINGS THAT REGIME FORCES USED CHEMICAL WEAPONS ON REBELS *

SUPREME COURT RULES STATES CAN'T REQUIRE WOULD-BE VOTERS TO PROVE THEY'RE CITIZENS IN FED ELECTIONS *

JUSTICES VOTED 7-2 TO THROW OUT AZ'S VOTER-APPROVED REQUIREMENT THAT THE COURT RULED TRUMPED FED LAW *

THE RULING WILL AFFECT THREE OTHER STATES - GA, AL AND KS - THAT HAVE SIMILAR LAWS *

STATE DEPT SAYS IT SEES NOTHING NEW IN N KOREA'S OFFERS OF HIGH-LEVEL TALKS WITH THE U.S. *

THE NORTH OFFERED UNCONDITIONAL TALKS THIS WEEK AFTER MONTHS OF TENSIONS SINCE A NUCLEAR TEST IN FEB DREW UN SANCTIONS *

BUT STATE DEPT SPOX SAYS THE FIRST STEP TO MEANINGFUL DIALOGUE WOULD HAVE TO BEGIN WITH THE NORTH TAKING CREDIBLE STEPS TO GIVING UP ITS NUCLEAR WEAPONS *

WHITE HOUSE THREATENING TO VETO HOUSE'S FIVE-YR FARM BILL BECAUSE OF FOOD STAMP CUTS INCLUDED IN THE LEGISLATION *

THE BILL WOULD SAVE A TOTAL OF $4 BIL ANNUALLY *

BUT $2 BIL OF THOSE CUTS WOULD COME FROM FOOD STAMPS *

WHILE THE HOUSE PREPARES TO CONSIDER THE BILL THIS WEEK, WHITE HOUSE IS ARGUING THOSE CUTS SHOULD BE MADE TO SUBSIDIES LIKE CROP INSURANCE *

U.S. IDENTIFIES 48 GUANTANAMO BAY PRISONERS SLATED FOR INDEFINITE DETENTION *

THE MEN ARE CONSIDERED TOO DANGEROUS TO RELEASE, BUT THE U.S. LACKS THE EVIDENCE TO PROSECUTE THEM *

PENTAGON SPOX SAYS THEY ARE BEING HELD UNDER THE ACT OF WAR AUTHORIZED BY CONGRESS IN 2001 *

THE GOVT RELEASED THE NAMES AFTER BEING SUED UNDER THE FREEDOM OF INFORMATION ACT *

CO INVESTIGATORS TREATING REMAINS OF MOST DESTRUCTIVE WILDFIRE IN THE STATE' HISTORY AS A CRIME SCENE *

RESIDENTS NEAR BLACK FOREST IN THE COLORADO SPRINGS AREA AREN'T BEING ALLOWED TO RETURN TO THEIR HOMES AS INVESTIGATORS DETERMINE THE CAUSE *

WET WEATHER HELPED SUBDUE MOST OF THE FIRE MON, AND IT STANDS AT 75% CONTAINED *

THE FLAMES TORCHED 22 SQUARE MILES OF FOREST SINCE ERUPTING A WEEK AGO, DESTROYING NEARLY 500 HOMES AND KILLING TWO PEOPLE *


 

Help me understand something ….I figure I must be missing an important detail

There is much discussion about the bailout of the auto industry.  

Had the auto industry been forced into a conventional court supervised bankruptcy, would the same result not have happened?  Am I missing something?  I figure I must be since it is so hotly disputed.

I never practiced bankruptcy law but I thought that what filing for one part of the bankruptcy code did was give you immediate protection from your creditors while you restructured to make your business viable.  

Since bankruptcy courts do this every day of the week, I figured they were experienced in how to help supervise the bankruptcy.   Filing for bankruptcy under one part of the code is not a dead end — but the opposite – a chance to recover. 

What is the advantage/disadvantage of the auto bailouts v. a bankruptcy supervised by the bankruptcy court?  What am I missing? Tell me….(and maybe it is obvious but I am missing it!) 









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