Most people fail to understand that when a business goes under its assets are still valuable. Of course Warbucks will be buying the bits and pieces of Dexxplex Corp that he wants.
Had our government allowed GM to go under, Ford, Chrysler, and other companies would have picked up the pieces for a song, hired the best of the former workers, and done very well. Instead, our government rushed in, wasted billions of our taxpayer dollars, and we are left with a $20 billion loss on the deal according to nongovernment analysts.
Most people fail to understand that when a business goes under its assets are still valuable. Of course Warbucks will be buying the bits and pieces of Dexxplex Corp that he wants.
Had our government allowed GM to go under, Ford, Chrysler, and other companies would have picked up the pieces for a song, hired the best of the former workers, and done very well. Instead, our government rushed in, wasted billions of our taxpayer dollars, and we are left with a $20 billion loss on the deal according to nongovernment analysts.