Awesome, I can't wait for me the taxpayer to breathe life into the smoldering shell of a company where the executives and unlimited layers of useless middle management used financial engineering to fool investors about the internal situation while extracting as much money as possible and then bailing out on golden parachutes and landing in soft thick piles of bonuses.
Just let it fail. If you're really paranoid, pass a law preventing and foreign buyers from snapping up the ip or fabs and we'll just fine, but that's probably not even needed.
Remember when we did this in 2008 under the Obama administration? We gave them $10bil and they paid out "contractually obligated bonuses" with more than half of the money? https://www.theguardian.com/business/2009/jul/31/wall-street...
Just let it fail. If you're really paranoid, pass a law preventing and foreign buyers from snapping up the ip or fabs and we'll just fine, but that's probably not even needed.