Originally Posted by
OscartheGrouch
Yeah that might have been a good argument in 1934 after the stock market crashed. Now it is just a "business decision" for those who don't think they should ever be held responsible for poor decisions on their part (both individuals and corporations). I have come across too many of my fellow employees who are capable of paying their debts but choose to conduct themselves in ways that would have been considered unethical in 1934. Don't get me wrong, bankruptcy is a tool that should be reserved for those "truly in need" of a "new opportunity."
The Oscar
The Oscar
You're welcome to your own cynical opinions about people's ethics and morals these days. I might even agree with you to a certain degree. But, that has nothing to do with your nonsensical statement that AA should sell their valuable assets to "satisfy creditors and maintain pensions for their employees." That would be more appropriate in a liquidation, not a reorganization.