Sam, when the company is going to the government begging for money because they are unable to raise capital in any other way...
It isn't the role of governement to make business decisions. But it is also not the governments role to bail out businesses.
So instead of saying 'the government isn't going to give more money to GM which in turn will force GM into liquidation' many people shorten it to 'Obama is going to force GM into Chapter 11'.
It isn't the role of governement to make business decisions. But it is also not the governments role to bail out businesses.
So instead of saying 'the government isn't going to give more money to GM which in turn will force GM into liquidation' many people shorten it to 'Obama is going to force GM into Chapter 11'.