The Big Three: Not dead yet!

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Stocks dipped Friday but they didn't plunge as experts think a GM bankruptcy may be avoided. But should the government let the automakers fail?


AMERICA'S MONEY CRISIS
Bonds slip as autos get White House boost
Why Sheila Bair wants to bail out consumers
Why a $1 trillion deficit is a good thing (for now)
Wholesale prices fall again
Banks' emergency borrowing falls
If automakers fail

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What impact would a General Motors bankruptcy have on the nation?
It would devastate the economyIt would be difficult, but a recovery would comeIt would have no impact or View resultsSweden's $3.4B auto bailout

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NEW YORK (CNNMoney.com) -- So much for holiday good cheer on Wall Street. The collapse of the Big Three bailout in the Senate late Thursday night has investors in a foul mood Friday.

Stocks tumbled Friday morning following steep losses overseas. Not surprisingly, some of the biggest decliners were General Motors (GM, Fortune 500) and Ford Motor (F, Fortune 500), as well as the U.S.-listed shares of rivals Toyota Motor (TM) and Honda Motor (HMC).

Just a few days ago, hopes were growing that the market may have actually hit bottom. Experts said the fact that stocks wound up rallying last Friday and this Monday in light of November's gruesome job report was an encouraging sign.

more: http://money.cnn.com/2008/12/12/markets/thebuzz/index.htm?postversion=2008121212