[saden1]

This was expected and welcomed. If these two companies went down we're all in trouble. I hope the people responsible for putting these companies in such abysmal state are held accountable (I doubt it but one can only hope).

Interestingly they're making a sweet offer for companies running on empty:

Treasury will immediately be issued $1 billion of such stock from each company, which will pay 10 percent interest. Further purchases of preferred stock will be triggered if quarterly audits find that the companies' capital cushion is below prudent standards.