Reforming the Auto Industry

Today, we offer an unusual post.  We are always interested in what those in practice think about the issues affecting our corporate and financial markets.  The future of the auto industry is one of them.  We have touched on it here, particularly in connection with the efforts to obtain bailout money from the Government. 

In the following post, submitted by S. Lee Terry, a partner at Davis, Graham & Stubbs and an expert in corporate/securities law, he provides some thoughts on the direction reform of the auto industry ought to take.