GM and Ford are next. Both are near death at this moment, with their bonds trading like junk and their stocks nearly worthless.
Why? So we can socialize everything for a few years and hope it gets better? Sounds like the Great Depression part 2 to me and we can thank Emperor Hirohito for forcing us to crank up 75% of our GDP for military spending to get out of that one. Meanwhile, at that time you had rations of everything. Jam was a luxury item. No thanks. I prefer a collpase and rebuild, eating wheat pasta and yellow cheese for a year then several years of socialism where I must work yet harder for the irresponsible and wait for some other empire to attack our weakended position.
A big bailout will nationalize the Real Estate Industry!