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That's how bankruptcy works, the Govt comes in and takes over, yes stripped the rights of the voting shares but that occurs all the time everytime a company files for bankruptcy protection means that they lose the control over their company while it's gets restructured.
Like I said, it's easier to let an American company fall and put more out of work which would've sent the stock market into a deathspiral to the point where right now the DJIA would've been at less then 3,000 pts as a direct result.
Originally posted by TheImmaculateD1
So, the best solution was to let it sink and risk putting 20 million more out of work? Kill America's chance to get in front of this instead of playing catchup?
Originally posted by TheImmaculateD1
So you'd rather see it go down in flames to force it to sell off all of it's property and put it out of work? That was you grand plan?