OT for those that think that numbers do not lie, consider that a number of de-facto bankrupt companies in the US have shares that trade in the stock market as if there is actually something left of the former companies.

GM (whatever the ticker symbol is)

AIG

FNM

FRE

their price ( greater than 0 by a huge amount ) implies that these factually-bankrupt entiies will somehow, miraculously revive.

Then again, maybe it is all smoke and mirrors and huge liquidity creation by the Fed