To: bronxboy
But you see, without a bridge loan, the big three will go out of business. They can not survive a bankruptcy.
I don't believe that. This situation is exactly what bankruptcy is for, if the company wants to survive. If what you say is true, then they are just simply SOL.
Also, if things are as dire as you portray, then it is not a loan. You don't give loans to an enterprise which has no prospect of future repayment. It's a give away, and they will be back for another give away, because nothing substantial will have changed.
49 posted on
12/16/2008 9:14:29 AM PST by
ZX12R
To: ZX12R
Bankruptcies do not work for large manufacturing companies...if you doubt this look at Adelphi. This company will soon go out of business never emerging from bankruptcy. Also, you have nothing to base your belief on beside a desire for it to be true. People will not purchase a car from a bankrupt company...we would be looking at four years of bankruptcy. What if you are wrong (you are by the way) are you prepared to accept the consequences. The US becomes a nation dependent for everything from other countries...hardly what a conservative should want in my opinion.
51 posted on
12/16/2008 9:27:03 AM PST by
bronxboy
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