Amen, Mike.
I suppose any company can survive with the most enormous infusion of cash in history, the rights to violate contracts screw the stockholders of their legal claims, the right to walk away from contractual obligations and be legally protected, and various other “devices” to support them…such as the failed “cash for cllunkers” and the tax rebate for buyers of their new overpriced hybrid products. Take my money and give it to someone so they can buy a car they can’t afford. But that don’t make it right.
A much healthier approach would have been to let them find their own way out of the mess they’d created…or go down with the ship. Other manufacturers better able to do their jobs would have filled the void and the marketplace (and the economy) would be healthier for it.