Re:SoftBank to write down WeWork by $6.6B, compounding portf...
by rchaud on Thursday April 30, 2020 @09:35AM
(#23030613)
Wouldn't blame Neumann for this. He certainly made Western media outlets swoon with his haute couture brand of PT Barnum bullshit, but Softbank held the purse strings and knew what the financials looked like.
I wonder what Japanese public opinion is regarding the central bank potentially bailing out a rich megacorp. Are they also resigned to the 'too big to let fail' philosophy that we in the west consider part and parcel of our brand of capitalism?
I wonder what Japanese public opinion is regarding the central bank potentially bailing out a rich megacorp. Are they also resigned to the 'too big to let fail' philosophy that we in the west consider part and parcel of our brand of capitalism?