Tuesday, January 19, 2010

Bankruptcy of Japan Airlines

Kyodo News - Story: "Japan Airlines Corp. filed for bankruptcy protection on Tuesday in the biggest nonfinancial corporate failure in Japan's postwar history, paving the way for a massive government effort to keep the flagship carrier flying with the use of about 900 billion yen in public funds....''Notice again the "too big to fail" principle:"If JAL was not the biggest airline company, it would

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