Borders Bankruptcy

So, this has been in the pipeline for a while, and comes as no surprise to most of us.  I'm curious about the possible ramifications of the recent announcement of the Border's bankruptcy, especially on mid-list, new, and aspiring genre writers.  That's a lot of money owed to a lot of publishers.  I'm attaching the Publisher's Lunch article below the cut, since they won't let me link it.

 

( Border's Bankruptcy )

 

So, anyone have informed opinions or links to places where people in the know are doing more than just panic ranting?  I know what my assumptions are about how this would affect writers, but I also know that there is a wide chasm between what seems like common sense to me, and the business/marketing decisions of large corporations.

$230 million.  It's just... crazy.  Isn't it all just virtual numbers being pushed around a screen at that point.