You didn't see the government come and bail out Ansett
NZ when it went into receivership, with 1500 people losing their jobs and it needed less than $20 million to bail it out.
I'd be interested to know how much they're paying their staff. $20 million is a lot of money to need to keep paychecks going and creditors from the door.
Are they going to take away the PCs from the students that attend? Make them pay the money back sooner? Will they stop paying for students internet and phone connections?
I'll definitely be watching this one closely.