The solution I think is easy, but as always political positions get in the way.
1.- Congress creates an expert group to evaluate how feasible is that the companies will effectively survive after they receive the money. Because it may very well happen that even with the bailouot money in their pockets, these 3 will still go bankrupt after 6-9 months.
2.- Another group needs to be created. One specialized in macro-economy. This group would run a cost-benefit analyisis. Bailout money vs. money that the governmnet would lose in income revenue from those left without a job, either directly or indirectly. Plus the money that the government may have to incur in social benefits for those people.
3.- If the bailout is approved. Create a set of rules and prohibitions to prevent executives from abusing the system and to make sure that the restructuring plan effectively takes place.
4.- Do not give the money as a blank check. Give it according to a timetable linked to the restructuring plan. It does not matter if that takes even more money to make it this way. At the end it should be a win-win solution.
5.- Finally loan the money not a with a discounted interest rate, but with "premium" rate. The tax payers should be receiving a benefit for allowing their money be put into this mess, not a punishment.
Now you can elect me for president
