http://waypoints.magentaline.com/2008/11/24/too-big-to-fix/ Thoughts while following the MagentaLine Thu, 11 Mar 2010 04:20:45 +0000 http://wordpress.org/?v=2.2.1 http://waypoints.magentaline.com/2008/11/24/too-big-to-fix/#comment-32 neilkrey Thu, 19 Mar 2009 20:44:40 +0000 http://waypoints.magentaline.com/2008/11/24/too-big-to-fix/#comment-32 Good points, though I think at least one of the airlines that went through that process has come close to needing it again. Good points, though I think at least one of the airlines that went through that process has come close to needing it again.

]]> http://waypoints.magentaline.com/2008/11/24/too-big-to-fix/#comment-29 ScottMathews Fri, 13 Mar 2009 03:54:57 +0000 http://waypoints.magentaline.com/2008/11/24/too-big-to-fix/#comment-29 Every major airline except WN and AA has been through bankruptcy at least once since the mid-1980s, some as many as three times. People kept on flying and the companies stayed in business, stronger than ever. Why can't the automakers do the same? A managed, orderly bankruptcy with pledges of Federal support for pensions and other critical obligations might be the best thing that ever happened to the automakers. Every major airline except WN and AA has been through bankruptcy at least once since the mid-1980s, some as many as three times. People kept on flying and the companies stayed in business, stronger than ever. Why can’t the automakers do the same? A managed, orderly bankruptcy with pledges of Federal support for pensions and other critical obligations might be the best thing that ever happened to the automakers.

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