Plato90s that's a good summary.

I wish I could paste the whole article for everyone but I think both WebFlyer and the Journal would frown on that.

I found the following passage interesting:

One worry among labor leaders is that the terms of the loan-guarantee program give preference to applications that demonstrate, among other things, "concessions by creditors, employees or others that will strengthen the financial condition of the company."

Lee notwithstanding, a clause similar to this really got the attention of interested parties in the Chrysler bailout. It probably had more to do with Chrysler's survival than anything else.