It's a bail out....They are just putting a different name on it...
Technically anytime you give someone money with a deal to pay it back..It's a loan, but the scare tactics are part of the "bail out" terminology.
If it were up to me, I would have told them all to get fucked:eek
The way that all large corporations do business needs to be evaluated, hell Tim oil went from an all time record peak of over $140bbl, then plummeted to below 30.....
You don't see oil companies running for the hill to ask for money, our company still has a multi-billion dollar line of credit with its banks:dunno
Since the 80's oil companies state side have scrutinized every dollar, we still have fat just not near as much.
Maybe a good run through the spin cycle is what some of these companies need.