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This is precisely why I’m largely against bailouts. This is a time for the better run companies — whose CEOs were prudent, saved up for a rainy day, and are all
by 3fe9a03ccd14ca5 7y ago
This is precisely why I’m largely against bailouts. This is a time for the better run companies — whose CEOs were prudent, saved up for a rainy day, and are all-around better operators — should be snapping up inferior run companies at bargain prices.
The sick companies should be allowed to die a peaceful death so the better ones can multiply.
- hn_throwaway_99 7y ago> The sick companies should be allowed to die a peaceful death so the better ones can multiply. I don't quite buy that for travel, though, which is in a depression that has never been seen before. It's not like putting some antibiotics on a petri dish and letting the "strongest" microbes survive to reproduce. It's like throwing the petri dish in an incinerator and saying "Oh yeah, just waiting for those fire-resistant microbes to get stronger!"
- TearsInTheRain 7y agoThis virus is not just going to kill sick companies, but also plenty of otherwise healthy ones.