Big 3 Detroit 3 Bailout Bill Fails in the Senate

And the fun begins! Here are my predictions:

Chrysler will disappear. They'll try to sell the Jeep and Viper brands, and then they'll mothball their assembly plants to sell after the recession is over. Possible customers might include VW/Audi.

General Motors will use voodoo financing to avoid bankruptcy. I can imagine GM selling off factories, machinery, brand names, assets, and then leasing them back. They'll try to renegotiate their UAW contract with no success. GM will then linger on like British Leyland did in the 1980's, until finally failing. Good riddance to bad rubbish!

Ford will be fine. They will inherit some of the market share surrendered by GM and Chrysler.