Bailouts are very unfair and undemocratic. I can understand for Boeing where the military absolutely depends on them and if a war were to start, being able to build planes is essential.
But Carnival cruises, who cares if they go under? another one will prop up with a better business model that is sustainable.
Every company should be able to weather a couple of months if they rode the bull for the best 11 years of stock rise in history. If your executives fucked it up, too bad. You can get a low interest loan, but no free bailout money.
But Carnival cruises, who cares if they go under? another one will prop up with a better business model that is sustainable.
Every company should be able to weather a couple of months if they rode the bull for the best 11 years of stock rise in history. If your executives fucked it up, too bad. You can get a low interest loan, but no free bailout money.