re: #234 RogueOne

It’s not about borrowing money, it’s about re-organizing. Their biggest problem was their labor/legacy costs. They managed to get it down to $58/hr during the bankruptcy but it’s still roughly $20/hr more than KIA and Hyundai.

In order to go through chapter 11, you have to get loans, the creditors have to all agree, and the stock gets delisted. If you go into chapter 11, the court is guaranteeing the company anyway and gets to make all kinds of decisions about how it operates; it’d still have been the government in control.