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Embrace The Chaos!

If anyone harbored any illusions with respect to the crushing complexity involved in trying to restructure a firm before during or after bankruptcy, the last several hours should clear that question up nicely:
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The time-line betrays a nearly blind, almost naive optimism on someone's part. It is easy to feel sorry for the Administration in the way you pity the little kid who was sure she would be "A Fairy Princess" when she grew up.
Administration Official Says Chrysler to Enter Chapter 11; Obama to Speak at Noon [The Wall Street Journal]