▲ 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
[–] golamas1999@lemmy.world 33 points 3 years ago (2 children) If companies are deemed to big to fail then they need to be nationalized. permalink fedilink source hideshow 4 child comments replies: [–] Mamertine@lemmy.world 8 points 3 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. permalink fedilink source parent [–] cath@lemmy.world 1 point 3 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. permalink fedilink source parent
[–] Mamertine@lemmy.world 8 points 3 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. permalink fedilink source parent
[–] cath@lemmy.world 1 point 3 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. permalink fedilink source parent