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Orphans of the POD?

My post of the day before yesterday made me wonder if My Helpful Friend was right to suspect Borders of nefarious purposes (well, greed anyway) in teaming up with Lulu, so I searched and found an entire blog specifically on POD. In fact, the blog had an entry on Lulu from when they redesigned their site. I am wondering about the blogger's speculation that Lulu might be losing money hand over fist. So what happens to an author who signs with Lulu (and gets his/her book published with Lulu "owning" the ISBN) if Lulu then goes belly up? Who owns the right to publish the book at that point?

It's an interesting question, I think.

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