3 ms·
Yes but the federal government will go to the mat for any of the Big Three automakers while everybody knows REITs can go dangle.
by dayofthedaleks 5y ago
Yes but the federal government will go to the mat for any of the Big Three automakers while everybody knows REITs can go dangle.
- throwaway5752 5y agoI don't understand your point. The big three (do you still count Chrysler/Stellantis?) make things and produce jobs. Carvana is not a REIT and is substantially a financial services company per this article.
- deleted 5y ago[deleted]
- xfitm3 5y agoThey are a logistics company, not a financial company. I have no affiliation with Carvana but I am familiar with the market they operate in.
- eigen 5y agowell, by definition the Big Three are 3 large car companies that employ thousands. a particular REIT employs far less and has far less impact on the market. I guess the lesson is, for govt to bail you out, get too big to fail. but we already knew that.