Originally Posted by
Caveman
As a Nation we are well past the era of accountability...that's so 1950s
What happened to Ford, GM, and Chrysler...none of them were allowed to fail during the last financial crisis...what's different this time that makes you think any company will be allowed to fail?
GM: Ch.11 in 2009. Filed after there request to merge with Ford was declined by Ford.
Chrysler: Ch.11 in 2009
Ford: almost filed but avoided it. some believe better management and a better product line (F150 pickups v PT Cruisers and Buick Lacrosses) helped them narrowly avoid Ch 11.