Ahead of Hearings, Some Lawmakers Back Bankruptcy for Big Three At least are few are getting the correct idea that the option of letting these companies face bankruptcy would be much better than funding a bailout. Meanwhile what's happening to the $700 Billion bank bailout? Audit of $700B Financial Sector Bailout Fuels Criticisms of Paulson, Bernanke Why, of course, rumors of mismanagement already! Why on earth does anyone even entertain passing the plate for even more money? The government can't manage its own business much less private enterprises.