 obama didn t save union jobs he saved union pay what does bankruptcy mean to a company what is its purpose what are the costs after all is said and done what effect does it have on the business in this commentary at forbescom paul roderick gregory compares the effects of bankruptcy on the airline industry after 911 and the taxpayerfunded bailout of general motors read the full story at  wwwforbescom 20110621 bailoutautoworkersunionshtml 