bailout. Big Three

ANOTHER company that is "too big to fail"! Quick! THROW MONEY AT THEM!

One of the largest companies of it's kind in America, Blockbuster Video may file for bankruptcy. AREN'T THEY "TOO BIG TO FAIL"?

Blockbuster Says May File for Bankruptcy

By Joseph Woelfel 03/17/10 - 12:44 AM EDT 



DALLAS (TheStreet) -- Blockbuster(BBI), the video rental chain, said it could be forced to file for bankruptcy if cash flows don't improve and it's unable to restructure its debt.

Blockbuster's debt load has been reported to be as high as $1 billion.

I have a serious question about the Big Three bailout.

Let me prefece the question with some  background.

1) The taxpayers of the United States of America are being asked to loan billions of dollars to the Big Three auto makers.

2) Two of The Big Three say they will run out of cash before the end of the year, the 3rd says it will run out of money early next year.

 3) The Big Three say this "loan" is needed because of the millions of jobs that will be lost.

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