The more I think about the relative positions of the two parties negotiating the auto industry bailout the more I am reminded of one of my favorite anecdotes of all time, from the 6th Century Chinese philosopher Shih Teng.
A wealthy man drowned in the Wei River and his corpse floated onto the property of a peasant farmer. The farmer demanded a large sum of money to return the body. The deceased's family sought Teng's advice and he told them, "Wait. No other family will pay for the body.
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After the corpse lay in on the farmer's property for several days it grew quite unpleasant. He grew worried, and he also asked Teng for advice.
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"Wait," Teng said, "From no one else can they obtain the body."