More Government Cash on Way to GM, Chrysler

The New York Times is reporting that on Monday the Obama Administration will announce more aid to two of the Big Three, GM & Chrysler.  Apparently strings will be attached in that the automakers are being told to press the gas with bondholders and unions to come to agreements which will forestall sending either one of the two companies into bankruptcy.  If either company goes into bankruptcy protection, pensioners healthcare gone and bondholders once AAA-rated investments will be worth nothing.