Quote:
Originally Posted by forno
In principal I agree, in practice it will deepen the "downturn" considerably, and most likely in Australia too through GMH and also in Europe
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I tend to disagree with that myself. Many large companies have gone bankrupt over the centuries, yet the world continues on without them. Look at HIH. It's bankruptcy (while it hurt many (myself included) didn't kill our country and didn't send us spiralling into a dark fiscal period.
What shits me is that the US government is handing out money to companies like it's candy to babies. Why not let AIG fail? Why not let them all fail. At the end of the day, it's corporate survival of the fittest.