Former Airlines CEO: What Makes the Automakers 'Exempt from Reality

Jeff Poor
December 19th, 2008 2:22 PM
It's special treatment for automakers, according to a former airline executive. Gordon Bethune, the former CEO of Continental Airlines (NYSE:CAL), now a CNBC contributor, told CNBC's "Squawk Box" on Dec. 19 the political process is being substituted for what otherwise should be a bankruptcy judge in determining the fate of the big three automakers. "Wow, what makes them exempt from reality?…