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Bear Stearns, Washington Mutual, WorldCom and many others are evidence to the contrary. I'm not sure if Boeing will be "allowed" to fail if it's on that path, b
by cgh 6y ago
Bear Stearns, Washington Mutual, WorldCom and many others are evidence to the contrary. I'm not sure if Boeing will be "allowed" to fail if it's on that path, but your statement that "Mega corporations and banks are not allowed to fail" is simply false.
- cwhiz 6y agoYeah every decade or so we let a company fail just to set an example to the rest. WaMu, in particular, is a pretty hilarious example. We, the public, bailed out JP Morgan and with those funds they purchased WaMu at pennies on the dollar. What a deal!