Re:U.S. airlines want a $50B bailout. They spent $45B buying...
by AndrewBissell on Tuesday April 07, 2020 @12:51PM
(#22804912)
Thank you, it is endlessly frustrating that this debate is always framed as "extraordinarily generous no-strings-attached bailout" vs "allow them to perish in flames," when there is always the alternative of a "bail-in" which requires executives and shareholders to take some of the pain, secures a much more concrete and measurable benefit to taxpayers, and thus helps avoid worsening the moral hazard problem we are drowning in.
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