2 ms·
I disagree with Mark, as I think it’s important to let people make bad decisions. However, and this is important, I believe that we should let those companies
by MR4D 7y ago
I disagree with Mark, as I think it’s important to let people make bad decisions.
However, and this is important, I believe that we should let those companies fail (i.e bankruptcy), and let their creditors manage them through an expedited process, whereby the government can choose to be a party.
I’ve found that creditors are much more ruthless than governments quite frequently.
Further, I look at a company like Boeing, and think that bankruptcy might break up the company (which looks like a good thing, as their engineering issues appear to be systemic).
I can’t see the government bailing Boeing out and then breaking it up. Which would mean they may never buy back shares, but still have a broken engineering process.