Weren't DRAM manufacturers just involved in a huge price fixing scheme? Oh yeah, http://en.wikipedia.org/wiki/DRAM_price_fixing.
So the industry that flouts the law is now requesting artificial support to help them through hard times? What's the real impact if these companies fail? Their assets get sold at a discount, their creditors take a loss, and the world moves on. The technology doesn't disappear. The knowledge of their employees doesn't evaporate. If the business can't survive without manipulating the market or government support, it doesn't deserve to exist.
If DRAM is a valuable technology, somebody, somewhere, can run a business doing it. If that's not possible, then stop doing it.
Maybe everyone should just name a new industry and then mandate that people give them money. That would be so much easier, than say, actually creating value.
Once it hits the fan, the only rational choice is to sweep it up, package it, and sell it as fertilizer.