These companies have the capital behind them for this debt. I am no business major nor did I ever graduate from high school, so correct me if I am wrong....but shouldn't these companies sell off assets to create equity so that they can cover this debt? Is that not how business works? It was their fault for giving the loans out. Why should the federal government bail them out because they pushed there business to the stretching point?
The only thing we can blame for this economy would have to be greed...
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