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The current situation implies that not holding cash for 6 months and using loans for day-to-day operations was a premature optimization. Essentially corporation
by fpoling 7y ago
The current situation implies that not holding cash for 6 months and using loans for day-to-day operations was a premature optimization. Essentially corporations assumed that in the time of prolonged crises they would be bailed out by taxpayers and optimized for an extra profit for shareholders. The profit that was extracted from all taxpayers.