All that being said, I still don't agree with bankruptcy at all. Being the true free-market-economy-backer that I am I would say let them go away and something bigger, faster, and stronger (wait for the analysis on the documentary with the same name) will come take their place. I like to think of it as Financial or Economic Darwinism (I really want to coin that phrase). My pure market heart says that we shouldn't even consider bailing them out and that we should let the market decide how to deal with them. I think that is what is at the heart of the whole issue. The American public loves these brands but not enough to risk our tax dollars on trying to push them against the market current. Everything is flowing away from these companies in the market (in the form of dollars) and yet the government seems to think that it can give them a paddle-less canoe to float around in hoping against all hope that it will be enough to provide a "bridge"...come on, do we look that stupid!?!
*Chrysler was in quasi-bankruptcy and not actual Chapter 11...please follow link above to read about it.