Quote:
Originally Posted by majin ssj eric
Exactly. Allowing them to file bankruptcy would have forced them to reorganize, cut the fat and bureaucracy, get out from under the crippling union contracts they are in, and slim down the size of the company into a leaner and more efficient operation. Instead Bush and Obama simply threw our cash at them and told them it was business as usual. Of course here we are 6 years later and nothing has really changed (well, the cars are a lot better than they used to be at least but still have a ways to go).
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They did file for bankruptcy.
Just unfortunately middle management was ignored in their reorganization.