re: #299 Obdicut

Without assets to pay off the creditors, yeah, they’d get screwed over. That’s what I meant about having to get loans to go through Chapter 11. The court probably wouldn’t have approved a plan that caused the sort of economic landslide you’re very correctly pointing out.

But the courts would have had very little say in this if the government had not offered the loans, which the banks certainly weren’t doing. Bankruptcy or out of business. What difference would it have made?