@[email protected] to [email protected] • 11 months agoAfter $700 Million U.S. Bailout, Trucking Firm Is Shutting Downwww.nytimes.comexternal-linkmessage-square144fedilinkarrow-up1615arrow-down14
arrow-up1611arrow-down1external-linkAfter $700 Million U.S. Bailout, Trucking Firm Is Shutting Downwww.nytimes.com@[email protected] to [email protected] • 11 months agomessage-square144fedilink
minus-squaregolamas1999linkfedilink33•11 months agoIf companies are deemed to big to fail then they need to be nationalized.
minus-square@[email protected]linkfedilink8•11 months agoNationalizing 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.
minus-square@[email protected]linkfedilink1•11 months agoAgree 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.
If companies are deemed to big to fail then they need to be nationalized.
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.
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.