Bankruptcy isn't so bad

Markets are headed for a flat to slightly up day despite continuing drama regarding swine flu and the Chrysler bankruptcy. Wow - a big company can fail! Despite the rhetoric out of DC the dissident investors had a fiduciary responsibility to do what they believe is right for their investors. Bankruptcy enables all sides to work out issues before the judge. Give this time and it won't be surprising if he end result is a superior organization. Investors will take a hit, which they should as risk seekers, but they will have done their jobs. Remember - all sides are trying to maximize their stake. There is no altruism in financial markets. It is a zero sum game. The market appears to have taken this in stride just as it did with Bear Stearns (granted not a bankruptcy) and Lehman and just as it will GM. Don't think for a minute that the markets hadn't factored in the supply chain. They have. Let's see how it unfurls from here.