Given the political cycle and strong differences on both sides of the aisle in Washington, we do not anticipate any material tax law changes over the near term that would prompt material overseas cash repatriation, whether in the form of a 2004-style Homeland Investment Act of more fundamental long-term tax reform.
The alternative is that its dramatically weakened liquidity could prompt the company to file bankruptcy in the coming months to preserve cash while it attempts to engineer its recovery.
Some bank customers withdrew as much of their cash as they could and the fear was the panic could spread to other countries and prompt capital flight from weaker EU economies.