ANALYSIS-Auto bankruptcy: quick surgery or long slog?

Newswire

By Emily Chasan and David Bailey NEW YORK/DETROIT, March 31 (Reuters) - The U.S. government, now directing the turnarounds of General Motors Corp and Chrysler, has said bankruptcy for both could be fast, clean and targeted -- like surgery or a "quick rinse." But bankruptcy has been described by those who pass through it as a world of pain and regret, and skeptics question whether the developing plans for bankruptcies at the cash-strapped automakers could hit unforeseen snags down the ...

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