Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
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.
The US government should take a controlling stake in companies that are deemed vital enough to receive a bailout.
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.
Hello there friend, have you ever heard of JP Morgan Chase? Legend has it, the government would go bankrupt first.
They had a 30% stake here - would a 51% stake be any different?