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 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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