[Professor S]

If I were the staked investors I would have made Chrysler go into bankruptcy as well. To my knowledge, the previous offer that was made to the investors to avoid bankruptcy was absurd, like 29 cents on the dollar. From what I've heard bankruptcy will get them 60 cents on the dollar.

It's hard to argue those types of numbers.

If Chrysler is fit, they will survive bankruptcy and come back stronger. If not, then they should be moved into chapter 7 and sold off in parts. It is not the government's or a company's main duty to ensure employment of their workers. It is their duty to be a viable, profitable company, and in turn THAT ensure's employment and prosperity. If Chrysler can't prove them selves to be the latter, then they should fail and get out of the way for healthier companies like Ford, Toyota, etc.