Chapter 11nd

When it's the government, the lender of last resort, bailing out a big company without asking it to file for Chapter 11 first and re-organize, isn't that the same as putting a patient who has no chance to recover on life support? Direct government bailout of banks and car companies in the US is the equivalent of asking them to file for chapter elevEnd instead. It means the patient stays alive so long as someone doesn't pull the plug. Chapter 11nd means that since no one has the moral right to pull the plug, everyone is praying for a power cut whereby life support goes off and the patient downgrades to Chapter 7nd...

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