I’ll go on record in agreement. I think they will weather the liquidity crunch. They’ll remain pretty beaten down as the fallout from the housing decline continues to make itself truly felt (they’ll probably require big layoffs and a reorganization to “right size” their business), but I don’t see them going bankrupt.
This board has some definite biases that always have to be remembered. If you look at the prices of credit default swaps on CFC, they have gotten much more expensive, but they are still placing the odds of bankruptcy as remote.
