Total implosion = good management?

This is what GM CEO Rick Wagoner said regarding the bailout the big three automakers want:

"I'll always do what's right for the company," Wagoner said, regarding the possibility of him stepping down. "But even more critical during a difficult time period is having the best possible management team. We have a good team at GM. That's not what I would recommend."

Of course not. Why would you recommend replacing the management team that has brought you to the brink of implosion? Is it just me, or should an industry asking for a multi-billion dollar assistance package oh, I don't know, apologize for screwing up so badly that only the government can save them? (Which is not true--the automakers could file bankruptcy, they just don't want to, apparently.) I think the last thing I'd be saying if I was asking someone to save my butt would be that I was doing a great job--it's just that I'm about to go under. Right.