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Well, they let Lehman fail, and AIG, Fannie/Freddie shareholders were mostly wiped out, so... That's hundreds of billions of shareholders being wiped out.
by phonon 7y ago
Well, they let Lehman fail, and AIG, Fannie/Freddie shareholders were mostly wiped out, so... That's hundreds of billions of shareholders being wiped out.
- ceejayoz 7y agoThe post Lehman fallout is why I don't expect Boeing to get the "go ahead, declare bankruptcy" approach from the government. Post-Lehman, we got TARP to prevent more of them. I've little doubt we'd get a Troubled Boeing Relief Program if a Boeing bankruptcy was looming.
- perl4ever 7y agoNet cost of TARP is said to be something like $32 billion. If that's true, then complaining about it seems laughable in the face of people basically ignoring trillion dollar deficits.
- ceejayoz 7y agoWe made a profit with TARP, actually. I suspect the same would be true with a Boeing bailout, especially if you count the continued employment of the staff at their 8,000+ suppliers.