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Boeing should be put under financial oversight by the US government, the same way GM was in 2008. It's apparent that the FAA's oversight powers are not strong
by inamberclad 2y ago
Boeing should be put under financial oversight by the US government, the same way GM was in 2008.
It's apparent that the FAA's oversight powers are not strong enough to to overcome the financial pressures of management on their own.
For what it's worth, I work for a smaller aircraft manufacturer right now. Aerospace will always be a day late and a dollar short when profit is the focus instead of safety and sound design.
- mmooss 2y agoWas GM under financial oversight? I thought the US government financed and oversaw what was essentially a bankruptcy proceeding, with the loss-making and highly leveraged assets spun off and the rest consolidated in a 'new' GM. (or something like that)
- nradov 2y agoHow would that work exactly? GM was in bankruptcy proceedings but Boeing is still a going concern. The federal government generally doesn't have statutory authority to impose financial oversight on companies.
- Nathanba 2y agoThe judges could give them such large fines to force them into bankrupcy. Alex Jones was fined 1.1 billion dollars. How much should Boeing be fined for causing actual deaths?
- damiankennedy 2y agoHow much can the US federal government fine a company like Boeing? 30 trillion would be nice. Or perhaps a federal level registration fee that covers safety/quality checks and costs 50 million per plane?
- nradov 2y agoUnder which law could Boeing be fined $30T (an amount which greatly exceeds their enterprise value)? Please to provide a specific US Code citation.
- duxup 2y agoMost of the times the US is "involved" (by varying degrees) has involved serious financial issues / bankruptcy / some government agency's legitimate and legal involvement. I don't know of any situation where "Boeing you're still solvent but we think you're being stupids." would be legal, or even desirable.