▲ 204 ▼ After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down (www.nytimes.com) submitted 3 years ago by fne8w2ah@lemmy.world to c/news@lemmy.world 132 comments fedilink hide all child comments
[+] Kalkaline@programming.dev 44 points 3 years ago* (last edited 2 years ago) (2 children) [deleted] permalink fedilink source hideshow 4 child comments replies: [–] Jarmer@slrpnk.net 16 points 3 years ago (1 child) No, because this sets an extremely bad precedent. The simpler answer is just not give bailouts like this. A properly functioning anti-trust department wouldn't let these private companies get so big they are deemed "too vital to fail" ... but here we are. permalink fedilink source parent hideshow 2 child comments replies: [–] LukeMedia@lemmy.world 2 points 3 years ago Hello there friend, have you ever heard of JP Morgan Chase? Legend has it, the government would go bankrupt first. permalink fedilink source parent [–] ArbitraryValue@sh.itjust.works 6 points 3 years ago They had a 30% stake here - would a 51% stake be any different? permalink fedilink source parent
[–] Jarmer@slrpnk.net 16 points 3 years ago (1 child) No, because this sets an extremely bad precedent. The simpler answer is just not give bailouts like this. A properly functioning anti-trust department wouldn't let these private companies get so big they are deemed "too vital to fail" ... but here we are. permalink fedilink source parent hideshow 2 child comments replies: [–] LukeMedia@lemmy.world 2 points 3 years ago Hello there friend, have you ever heard of JP Morgan Chase? Legend has it, the government would go bankrupt first. permalink fedilink source parent
[–] LukeMedia@lemmy.world 2 points 3 years ago Hello there friend, have you ever heard of JP Morgan Chase? Legend has it, the government would go bankrupt first. permalink fedilink source parent
[–] ArbitraryValue@sh.itjust.works 6 points 3 years ago They had a 30% stake here - would a 51% stake be any different? permalink fedilink source parent