That's my point exactly. No one should be bailed out. It has to stop somewhere, might as well be here. Look at the car makers. They are loaded with so much debt it would probably be cheaper to fold them and start new companies. There's a ready made work force and factories that can be taken over on the cheap that can produce vehicles ASAP. If it ain't broken don't fix it. If it is broken FIX IT. Paint a garbage can gold, it's still a garbage can.
Again, complete bullshit brought to you by the US government. Why are the banks trying to do this now? Maybe they're worried about Obama changing the BK laws and they would get NADA.