Quote:
Originally Posted by striperman36
if they fail, not just enter Chapter 11, cease operations all together, I think there would be a tremendous impact across the global economy.
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That is a big factor for sure, additionally think of the billions in taxpayer aid already given that would be lost.
The former leadership believed bankruptcy was off the table, and they're now gone or going. It would seem that a prudent path is to help the company into Chapter 11 so the massive debt and liability issues can be restructured. Without bankruptcy they don't have enough leverage with the unions.
There seems to be a lot of selective conservatism going on around here. Let them fail might sound like a free market solution, but we don't really have a free market now do we?
-spence
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