Heh. I had some discussion about this with some of the higher up finance guys in my company (just needed to let you know that these guys are way smarter than me). One of them said that the govt is on the hook to keep these guys afloat for 2 years
Anyway, the main point of the discussion was that in setting up an exit strategy (splitting of and selling parts of the business) that buyers are having trouble valuing portions of the business, whereas if they filed for bankruptcy the liabilities would be listed and easier to value.
That was a pretty interesting discussion.
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