Your logic is compelling GoNorth but surely the issue is then why stop with VA? Why not rescue any large business that is circling the drain? For exactly the reasons you have stated. I am pretty sure that the "gumint" would be well aware that VA has been hanging by a thread for a few years. Someone above said that "analysts" said that VA was CLOSE TO BREAK EVEN. Hip hip hooray. After twenty years of trading they almost are back at square one. Forget about the shares issued at $2 now below 10 cents.
I cannot see the government falling for this one and it is pretty obvious Joyce will be doing all he can to stop any "bail out".