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Let's see what happens. But Norwegian privately owned, so if the state does bail them out, I sure as hell hope they wipe out the common shareholders in the proc
by marvin 7y ago
Let's see what happens. But Norwegian privately owned, so if the state does bail them out, I sure as hell hope they wipe out the common shareholders in the process. This culture of moral hazard, "privatize the profit, nationalize the risk", is pure bullshit.
I probably agree with providing liquidity in the form of some sort of short-term loan in order to live through a completely unexpected macro crisis, if it's done on equal terms to everyone. But Norwegian won't survive that either, I think.
- ShinTakuya 7y agoYes, this! I wouldn't be happy as a shareholder if this happened but if the last resort for a company is a government bailout the government should own the company and benefit from the recovery.