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The government definitely could let them wipeout shareholders, and then step in during the bankruptcy process. In short, the bond holders would become the new
by MR4D 7y ago
The government definitely could let them wipeout shareholders, and then step in during the bankruptcy process.
In short, the bond holders would become the new shareholders, and the government would be able to drive it to the conclusion that the government wants. This is oversimplified, as reality has much more nuance than this.
That might actually be the best option going forward, as they could clean up a bunch of legacy crap and streamline the firm.
Plus, the government might want multiple companies ( e.g. commercial/defense/space ) instead of one monolith.
- a3n 7y ago> The government definitely could let them wipeout shareholders, and then step in during the bankruptcy process. That definitely won't happen this year, perhaps ever. Trump said today that states are responsible for procurement and development of virus tests, labs and processing material. Each state, on their own. If he's afraid of that responsibility, Boeing is going to be something he's never heard of.
- denkmoon 7y agoTrump is the head of the government, but he is not the government. The US government is such a behemoth not even he can stop it doing what it does. Too many vested interests in Boeing to let it fail.
- thefounder 7y ago>>>Trump said today... And you believed?