Oh, you don't understand. A traditional bankruptcy would have been much too costly and inefficient. Obama had to step in for the good of the country. The fact that the bondholders got completely screwed and the unions emerged unscathed (they had already sacrificed SO much in earlier contract negotiations ya know!) is pure coincidence./sarc
Yes, due to the urgency of now and the exigencies of his highness’ penchants, it was right and proper they browbeat, threatened, and coerced those greedy bond holders into submission.
They should be grateful they were afforded to be bent over a conference room table and take one up the keester for the Magic Negro.