Dan Neil, MA Biography

To be clear, I mean that the federal government should buy GM; forget rathole loans or nonvoting equity shares.

GM's fundamental problem is that it's too big -- and expecting it to fix itself in exchange for a $10-billion to $15-billion loan (its share of the vaunted $25-billion bailout) or magically right-size in Chapter 11 is foolhardy. It would take too long, cost too much and bankruptcy, should it come, would send customers running for the hills."