Throwing good money after bad

I see where the company that was supposed to purchase my employer lost $170,000,000 the last quarter of 2007 due to the bottom falling out of the credit market. Supposedly both parties are still working on closing the deal of which the only beneficiaries now would clearly be our corporate big shots who would make a lot of money off the stock buyouts and future employment buyouts. From our company's business perspective the deal would make no sense as the only purpose would be for the buyer to strip the company of assets in order to try to stay afloat.

I told people here when the deal tanked that it was a good thing it did based on recent developments.