mattobrien

13 ms·

1. 91.▲
   by mattobrien 18y ago

   Check the front page of the NYT right now. Suppliers are near bankruptcy as well. Just like the Big 3, or anyone else for that matter, these suppliers can't get credit now. They need business (and payment for past business) from the Big 3 t
2. 92.▲
   by mattobrien 18y ago

   Good for bankers and bad for banks. Bankers who took more conservative, longer term views during the bubble would have been more likely to lose their jobs, because their short term profits would not have been as large as their peers' who en
3. 93.▲
   by mattobrien 18y ago

   It's not necessarily the same loss of jobs. The issue here isn't just the Big 3, but all of the secondary industries and suppliers that depend on the Big 3 as clients. If the Big 3 go bankrupt now, there is a not insignificant chance that t
4. 94.▲
   by mattobrien 18y ago

   Because trader's options are good for bankers, but not good for the public. These options create incentives for bankers to take large risks to maximize short term profits, and hence year end bonuses. But if risky trades blow up, a banker me