Originally Posted by
acl65pilot
IMHO, I think they would like to, but there will be no money to lend. They will not want the companies to fail. The last option is foreign ownership. I think that is what the companies are hoping for....
Remember that China is already nervous about their exposure to our debt. I am not sure they will be willing to buy more.
Just my .02
Not only that, but considering the sky hasn't fallen with the GM bankruptcy (Yet), I wouldn't be surprised if the government would let the chips fall as they may.
Rhetorcally speaking, if lets say if one of the giants such as DAL goes down in bankruptcy, what would the economic impact be? Would barriers such as price and availabilty go up effecting commerce and tourism? Not to mention job loss.