U.S. Rep. Gary Peters (D-Bloomfield Twp.) appeared on The Ed Show on MSNBC Tuesday evening to talk about the possibility of GM and Chrysler being forced into bankruptcy court. Peters says bankruptcy must be the “absolute last resort” for the companies and says that debtholders must step up to the plate and help restructure their loans and bonds to help the companies survive. Video below the fold:
Visit msnbc.com for Breaking News, World News, and News about the Economy