Andy,
Actually, I have to take the side of SW on this one. In your example of a general contractor being responsible to the owner for the subcontractors work is not correct. In fact, the law and I believe in the case of southwest and ATA's agreement is that if the general contractor goes belly up in a construction project, the owner is responsible for the subcontractors fees, no matter how much the GC has paid the sub. This is clearly stated in all lien laws across the country. This actually occurs quite often, as owners have been ordered to pay double on construction work. Protect yourselves everyone, this is what deregulation and capitalism gets us. Borrow and Borrow until the well is dry, then just throw in the towel and your debts are cleared. Sounds like a complicated pyramid scheme to me. Not as bad as Bear Sterns or LBOs out there that are doing the same thing, but worst.
Joe W
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