fne8w2ah@lemmy.world to News@lemmy.world · 1 year agoAfter $700 Million U.S. Bailout, Trucking Firm Is Shutting Downwww.nytimes.comexternal-linkmessage-square133fedilinkarrow-up1206arrow-down12
arrow-up1204arrow-down1external-linkAfter $700 Million U.S. Bailout, Trucking Firm Is Shutting Downwww.nytimes.comfne8w2ah@lemmy.world to News@lemmy.world · 1 year agomessage-square133fedilink
minus-squaregolamas1999@lemmy.worldlinkfedilinkarrow-up33·1 year agoIf companies are deemed to big to fail then they need to be nationalized.
minus-squareMamertine@lemmy.worldlinkfedilinkarrow-up8·1 year 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-squarecath@lemmy.worldlinkfedilinkarrow-up1·1 year 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.