Like any failed business the assets of these companies (whether on paper or in mortar and brick) should be auctioned off to the highest bidders. This would limit compensation of executives responsible for this disaster and hopefully allow responsible firms to manage these assets in a profitable fashion. A Gov bailout, even in the form of a loan, will be to financially rewarding to executives and managers needing to be terminated during restructuring compared to restructuring by a new owner wanting to make the most of their purchase. It will be painful for the US economy no matter how it is done, but at least we don’t have to increase the national dept if US tax payers foot the bill. Most of us tax payers are already being pinched by the economy, so why should some executives and managers, receive millions in payouts if bailed out. Let new owners clean up these companies.