Is it not too unfair for other companies and institutions
such as schools and universities that most of funds will just go for these huge
Chrysler bankruptcy has been subject of debate and rumor for
months, but it isn't speculative anymore.
A Chrysler bankruptcy is now inevitable, and more to the point, they
have already filed. The Chrysler bailout,
several billion dollars worth, wasn't enough debt relief, so they have filed
for Chapter 11 bankruptcy, as they couldn't get cash advance loans large enough
to stop it. The government, now a
primary stakeholder, has urged a prearranged bankruptcy, so that the filing is
short lived and the company reemerges as a leaner, meaner animal ready to
compete in the market. The Chrysler
bankruptcy, while unpleasant, might provide them with the debt
consolidation they need.