Originally Posted by
nonononononono
But WHEN things get so bad that AA folds and is sold off, do you realize what shape the other legacies THAT WONT EXIST will be in??
FIFY
You might recall the government let the Lehman Brothers go under before
Merrill Lynch, AIG, Freddie Mac, Fannie Mae, HBOS, Royal Bank of Scotland, Bradford & Bingley, Fortis, Hypo and Alliance & Leicester all came within a whisker of doing so and had to be rescued.
Don’t bet they’ve learned their lesson.
No,I’m not expecting any major airline to go Chapter 7, but the government allowing one to go Chapter 11, pour encourager les autres before bailing them out, is entirely a possibility.