Quote:
Originally Posted by PornoMonster
This is what people do NOT understand. It would NOT of failed. They would of filed bankruptcy and kept going as normal. it happens Every day. We have had several big companies in my town do it, and guess what, it is business like normal.
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The problem was (at least from what I understand) is that the credit markets seized and the companies found themselves in a jam. Bankruptcy is complex and the same people you owe money to oftentimes will -- if you have a plan -- work with you to get you back to solvency. GM and Chrysler did not have that option when they desperately needed it.
Or maybe the conspiracy theorists were all right that in order to get a one world government the world needs to be on a level playing field so they will lower the status of the US while subsequently raising the status of other counties.
Or maybe...
Or maybe...
Or maybe...
It's easy for us to sit in our living rooms and talk about what we would have done when we know 1/1,000th of what the situation really was.
Time will tell.