I agree with the distinction you made, and also the case of Holden mentioned by @SilverTrade. Like I said my point was about the current market wide crisis. Hence, thinking Myer may go under but another time, and not now.
I feel managing current crisis has become a credibility issue for many governments around the world. If it was normal times, and say an isolated case like Myer was in trouble, I'd agree and say government wouldn't care one bit (it didn't care about Holden).
But in current market wide crisis, I think they do whatever possible to avoid casualty among iconic names, as this will send shock waves in markets, and possibly a domino effect.
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