Re:SoftBank to write down WeWork by $6.6B, compounding portf...
by _curious_ on Thursday April 30, 2020 @10:08AM
(#23030924)
"While many were against the 2008-09 bailouts, you could at least see the logic of why the cost of the wake left behind from a company like General Motors radically reorganizing or dissolving would be worse than the cost of bailing them out."
It isn't logic grounded in some empirical truth. Bailouts - who gets them, as well as what would happen if not, are so subjective that there's no fair way to even go about it.
What's worse is to perpetuate a culture, model, industry that doesn't deserve to continue to operate. And by deserve, it's not my opinion, rather logic of the market dictating things.
As if that wasn't even, bailouts reward poor business practices - someone please prove otherwise!
It isn't logic grounded in some empirical truth. Bailouts - who gets them, as well as what would happen if not, are so subjective that there's no fair way to even go about it.
What's worse is to perpetuate a culture, model, industry that doesn't deserve to continue to operate. And by deserve, it's not my opinion, rather logic of the market dictating things.
As if that wasn't even, bailouts reward poor business practices - someone please prove otherwise!