Auto Bailout redux

See this article in today's NY Times. It outlines, as I have on two occasions, the need to put GM (and probably Chrysler) into bankruptcy:

http://dealbook.blogs.nytimes.com/2009/02/16/altman-a-gm-bankruptcy-to-save-taxpayer-money/

The sooner this is done, the sooner GM can get back to business of making cars instead of wasting time on fruitless negotiations.