What to do, page-52

When did the banks get bailed out? If you're talking about the <$1m deposit guarantee, I wouldnt call that a bailout.
Yes, its a sad day. But companies need to take responsibility for their own actions. Unions need to realise that continually squeezing businesses can be detrimental in the long run and governments (particulalry labor) need to realise that red tape and making it hard to do business creates a negative environment for business success. Its no coincidence then two worst performing state economically speaking have had labor/greens governments for the majority of the last 2 decades.

There is nothing 'moral' in lending money. A bank will assess gains made in whinding a business up and the reputational risk in doing so. They'll probably look at the worker base and how levergaed they are to the Whyalla property market and what risks lie there. Banks are a business. Every single decision should be based on serving the shareholder and shareholder only.

A government/bank bailout here would send the wrong signal to the market.