General Motors and Chysler hired bankruptcy lawyers recently to help work out their own solution as big government bailout hopes waned.
With defeat of the bailout bill Thursday, the Detroit situation becomes analogous to the one in Frankfort. State agencies have been predicting widespread death and destruction should they be forced to make do with less taxpayer money.
Might be interesting to see the political fallout if part of the auto industry survives sans bailout. Same goes for Frankfort.