"GM and Chrysler DID go through bankruptcy!"

Isn't that what I attemtped to state earlier within this thread.

The only difference is that, without special intervention, bondholders and secured creditors would not have gotten stiffed, they would have stood at the front of the line.

It appears that your knowledge of bankruptcy is woefully lacking. I would be more than willing to attempt to educate you more on that subject.

So, please ... do NOT attempt to google bankruptcy, as I believe that if it was explained to you, in words of greater than two syllables, it would be well beyond your ken.

Again, a principal in a private equity firm?

Yes, and I am the rightful heir to the throne of the British Isles.