"The longer the executive and legislative branches of the Federal government delay the inevitable with loans and meddling, the more remote the chances of a successful re-emergence from Ch 11 become.'
If you believe that then why pretend that many of the outcomes you outlined are only happening because of the feds involvement? Many of the items you listed are going to happen no matter who's calling the shots, whether its the feds or a bankruptcy court. The only difference is that Obama is actually concerned with the impact on the communities affected where a bankruptcy court will not.