• golamas1999
    link
    332 years ago

    If companies are deemed to big to fail then they need to be nationalized.

    • @Mamertine
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      82 years ago

      Nationalizing a company opens a whole new can of worms.

      Do you just let them operate at a loss? How can the others in the industry compete with a company that the taxpayers subsidize to operate at a loss?

      IMO, The terms of a to “big to fail” bailout should be a slow liquidation or a Ma Bell style breakup.

    • @cath
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      12 years ago

      Agree in principle but there was little left to nationalize with yellow.

      Their fleet was composed of mostly leases. It had been gutted and infected with MBA types doing dirty MBA tricks for years now.