Government Involvement in Chrysler Bankruptcy: The Least-Worst Alternative?

In the next two articles, read J.J. White's opinion about the Obama administration's "clever but legal manipulation of the bankruptcy system." Then read John Pottow's ruminations, see where he parts from his collegue, and learn his answer to what he calls the "big picture question." On which side of the divide did this fall: a government nationalization of heavy-handed policy guiding, or a reluctant intervention of capital by the ultimate lender of last resort?