Opinion: US Government Bailout of Sirius XM Satellite Radio

It's not that far fetched right?  After all, the US government has decided to bail out the banks that knowingly made bad mortgage loans that carry interest only or sub-prime rates to mostly unqualified applicants.  So, why not then do the right thing and bailout Sirius XM from their debt burdens as well?  After all, it was the FCC, a government agency in its own right, that was partially responsible for the near demise of the company; Knowingly inflicting financial harm all the while pretending to "actively" consider the deal.

Now, with the financial markets in turmoil and banks scrambling to raise capital to compensate for their own poor risk mitigation tactics exercised while snapping up repackaged home loans, Sirius XM is left swinging in the breeze trying to refinance their outstanding debt that massively accumulated during the FCC's complacency.  It's a shame that many who are responsible for the mortgage melt-down will go Scott free thanks to the good ole' tax payer bailout, but good companies like Sirius XM face a very difficult time ahead.