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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (44999)	8/19/2010 7:31:41 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Without the big cash infusion the only remaining possibility was LIQUIDATION. No it wasn't. If the process started as soon as it was obvious that the company couldn't meet its obligations than it could have gone through without a big bailout. Later the first bailout could have seen it through, if it declared bankruptcy as soon as it received the large loan. The evidence is the fact that the company is not dying (at least in the short run) now, and its not because its losing money hand over fist but has a big government pile to draw on, it isn't losing money at the moment. Sure the company couldn't have kept paying its debts and remained alive, but the company would have stopped paying its debts when it entered the bankruptcy process, not when the bankruptcy was finalized.