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>>They should have had an emergency fund of 6 Months of expenses for emergencies. Well, many /most don't. Now what do we do?

• thebean11 6y ago
  Not sure I agree that every business needs 6 months of expenses, but what you do is let them fail, or raise capital from investors on terms that may not be so favorable to them (would dilute existing shareholders). This would incentivize future companies to operate a bit more conservatively. The pattern of corporate irresponsibility followed by taxpayer-funded bailouts is a moral hazard.
  • onetimemanytime 6y ago
    what about their employees? Also, should we let people that have no 6-months reserve starve? Others will learn
    • thebean11 6y ago
      The employees should get unemployment benefits. We should take some of the money we use for corporate welfare and shift it to individual welfare until jobs come back. On your second point, no we should not. Do you think it's hypocritical to give humans government benefits that companies don't get?