This is awful. This company should be allowed to die. Isn't that what's meant to happen to failed companies. They go out of business. Otherwise it is socialism of the worst kind. This is corporate welfare for the rich.
If only the welfare system had been structured so the recipients had to post collateral or volunteer for community service to pay back their debt to society or a portion there of we would have trillions upon trillions of dollars in the treasury today. No this does not resemble any kind of welfare I know of.