No, because bankruptcy doesn't mean closing the company. General Motors would have been able to reorganize under chapter 11, restructure their pension system, and restructure their debt. Instead we have the government bailing them out, forcing it to build a PoS car like the Chevy Volt, and they're in no better shape now than before. Then add to it the billions that the American taxpayer lost and will never recover.
________________________________ From: "MB Software Solutions, LLC" <[email protected]> To: ProFox Email List <[email protected]> Sent: Friday, January 6, 2012 11:59 AM Subject: Re: [OT] Kodak near bankruptcy On 1/5/2012 3:15 PM, Michael Madigan wrote: > Companies rise and fall, not many can continue to evolve. > > The bailout for the banks and auto makers would be like requiring people to > buy film cameras and film to bail out Kodak. Time has passed Kodak by. IT's > a shame because it was always voted among the best companies to work for. But what would America would be like today if General Motors and others were not bailed about and forced to file bankruptcy? Would that have really caused a worse cataclysm? _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious. --- StripMime Report -- processed MIME parts --- multipart/alternative text/plain (text body -- kept) text/html --- _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
