On MSNBC’s “Morning Joe,” Mitt Romney and Carly Fiorina both said a bailout of the auto industry is a bad idea, preferring bankruptcy instead.
Romney said bankruptcy would protect the Big Three while they restructure, and urged executives to forgo hefty salaries and perks. Fiorina said more creative options should be considered, such as a guaranteed bankruptcy.
Said her comment about neither presidential candidate being prepared to run a large corporation was “a silly theoretical question and a silly theoretical answer.”
Plus: Romney NY Times op-ed: “Let Detroit Go Bankrupt.”