Quote:
Originally Posted by Dragoneye
Don't get me started on who's fault it was that they finally asked for LOANS.
Suffice to say you're very......off-base in your assumptions.
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It's more than just "loans". They were allowed to go bankrupt with the shareholders, bondholders and major creditors of the company getting squat.
100% of the assets deemed valuable were legally (and I use that word loosely) moved over to a new company owned by the governments and unions. There was absolutely nothing the bondholders and creditors could do. Now you tell me one other bankruptcy case where this was allowed to happen.
If I tried to do the exact same thing with one of my companies, I would probably be charged with some kind of corporate wrong-doing.