VIDEO ON MSN MONEY
What about TWA, Pan Am, Braniff, People's Express and Eastern. Pan AM and TWA were the first real American casualties of terrorism, Eastern of corporate and union greed, People's Express committed suicide because they grew too fast and didn't have a reservation system, and Braniff.....who remembers why Braniff failed other than they were out of money. Airplane manufacturers McDonald Douglas and Lockheed succumbed to Airbus, the illegally subsidized European aircraft maker that the American government allowed to prosper without objection to the subsidies, standing idly by as one after another of the American manufacturers failed. Well, that and both companies played "You Bet Your Company" with the L-1011 and the MD-11 and lost.
Many others in different industries that were subsidized also failed, but its is the ones that just failed that we miss the most.
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