For Years WallStreet Spent More on Buybacks Than It Earned-Now They Want Bailout

Re:For Years WallStreet Spent More on Buybacks Than It Earne... by thaumasiotes on Wednesday March 18, 2020 @10:51AM (#22617259)

> Boeing unfortunately has to be bailed out, if we as a world want airplane as a method of transportation. It’s only Boeing and Airbus, there are no others.

Somehow I suspect that if the earth swallowed every employee of Boeing and Airbus, and every plane ever produced by either, there would be more airplanes and more airplane manufacturers soon enough.

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Re:For Years WallStreet Spent More on Buybacks Than It Earne... by drKarl on Wednesday March 18, 2020 @11:05AM (#22617427)

Maybe Elon Musk would just create a branch off Space X and manufacture airplanes...

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Re:For Years WallStreet Spent More on Buybacks Than It Earne... by sdenton4 on Wednesday March 18, 2020 @11:52AM (#22617988)

Ahh yes... The "switch editor" button in Kerbal space program to the rescue.

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Re:For Years WallStreet Spent More on Buybacks Than It Earne... by andbberger on Wednesday March 18, 2020 @03:20PM (#22620238)

you mean the guy who is trying to get his factory workers to come in and build luxury cars during the greatest pandemic facing mankind in generations.

he seems trustworthy.

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Re:For Years WallStreet Spent More on Buybacks Than It Earne... by llcoolv on Wednesday March 18, 2020 @09:45PM (#22623538)

Luxury cars largely co-financed by the government :D

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Re:For Years WallStreet Spent More on Buybacks Than It Earne... by tomatotomato37 on Wednesday March 18, 2020 @11:14AM (#22617513)

Soon enough will still be around a decade - the development/tooling development for your average sedan is already 5+ years, and that's building off of previous experience and technology. I can't imagine what it would be for creating a vehicle bigger than a doublewide that has to be hefted in the air by 100k lbf engines from scratch

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Re:For Years WallStreet Spent More on Buybacks Than It Earne... by ageofwant on Wednesday March 18, 2020 @12:40PM (#22618519)

That's just silly. Bankrupting Boeing does not destroy 140 years of aviation technology or make aeronautic engineers forget their training. Neither does it erase the thousands of aircraft flying today. All those assets that Boeing has inefficiently hoarded now becomes available for other, more competent organisations and businesses.

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Re:For Years WallStreet Spent More on Buybacks Than It Earne... by thaumasiotes on Wednesday March 18, 2020 @11:39AM (#22617801)

Sure, that's fair, but a Boeing bankruptcy is unlikely to actually kill every employee and destroy every existing plane, so recovery might be faster than that.

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Re:For Years WallStreet Spent More on Buybacks Than It Earne... by swiley on Wednesday March 18, 2020 @12:26PM (#22618369)

Hobbiests construct air plains from off the shelf components fairly often. Large passenger planes are difficult but not impossible. It’s not like all the engineers working on these just disappear either, they’ll want a job doing what they’re good at.

Bailing these things out only protects executives and shareholders, I hope you’re not arguing that those have been doing a good thing for the world recently.

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Re:For Years WallStreet Spent More on Buybacks Than It Earne... by Zenst on Wednesday March 18, 2020 @11:00AM (#22617358)

Sure, eventually and corners will be cut to expedite that long development and testing window.

May even be better in the end, though let's say the USSR and NASA stopped space launch vechiles - how long would it take to make an alternative. Longer than we appreciate.

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Re:For Years WallStreet Spent More on Buybacks Than It Earne... by ourmandave on Wednesday March 18, 2020 @11:08AM (#22617459)

Sure, eventually and corners will be cut to expedite that long development and testing window.

So, still Boeing.

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