This is one of those articles where you learn as much, if not more, from reading the commentary afterwards.

I especially recommend page two's comments #29, 36 and 45.

How would an Oversight Board work and why should it have more expertise than the companies themselves? If the Board is supposed to approve projects more than $25 Million, then how do you detect the companies breaking up the project into $20 Million (or less) increments to avoid asking for permission?

What would be wrong with allowing stockholders more say in making the Board of Directors for corporations more accountable? Wouldn't this in turn make the CEOs and other officers more accountable? Wouldn't that be a better free market solution for business as a whole, not just the car companies?

Comments welcome.

Here are the links to the base article and its commentary.

http://www.nytimes.com/2008/12/08/washington/08autos.html

http://community.nytimes.com/article/comments/2008/12/08/washington/08autos.html?s=1&pg=2