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Message: <blockquote data-quote="moreluck" data-source="post: 972546" data-attributes="member: 1246">A company going through bankruptcy doesn't mean everybody loses their job...........to continue operating, yes, things have to be lean and mean, so all redundancy is eliminated.The company would have totally gone out of business otherwise.  Just like firms like Bain, the company they take over was going to fail, all jobs gone, etc   BUT most of the time, jobs were saved and the company continued in a stronger shape. I think it's like an 80-20 (close) rescue and the lower # is the companies that can't be fixed.It's not a sin to go the reorganization road and do it without taxpayer money.I too, would've let Detroit go bankrupt.........you can't rescue all companies and deciding which ones is not the fair thing to do.</blockquote>