Will the car companies get their money next week?

I find it heartening that the Detroit car companies are talking seriously about some serious restructuring. That dramatically increases the likelihood of their getting the money that they are asking Congress for.

Personally, I still think that all three companies will be able to limp through the coming year without any new capital, but that presumes that they do a fair amount of the restructuring of the kind that they are proposing to Congress.

In short, if they do all the restructuring that Congress demands, they will not need the money at all.

But, having that backstop credit available will help to keep the short-sellers at bay.

The bottom line is that bankruptcy of any of the Detroit Formerly-Big Three is very unlikely.

-- Jack Krupansky