SoftBank to write down WeWork by $6.6B, compounding portfolio misery

Re:SoftBank to write down WeWork by $6.6B, compounding portf... by freehunter on Thursday April 30, 2020 @10:49AM (#23031399)

>They don't need months or years of runway.

Obviously they do if they're demanding bailouts. That's three times in the last 20 years that the federal government has had to bail out "too big to fail" businesses... airlines in 2001, banks/automakers in 2008, and everything in 2020.

Like mbrameld said, the only reason they don't have runway is because the government will bail them out.

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Re:SoftBank to write down WeWork by $6.6B, compounding portf... by ouid on Thursday April 30, 2020 @11:00AM (#23031559)

If the federal government is actually the implicit insurer of these companies, then the federal government should be collecting premiums.

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Re:SoftBank to write down WeWork by $6.6B, compounding portf... by smolder on Thursday April 30, 2020 @11:09AM (#23031654)

They just buy politicians, which is cheaper than premiums would be.

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Re:SoftBank to write down WeWork by $6.6B, compounding portf... by perl4ever on Thursday April 30, 2020 @08:54PM (#23038049)

That would be corporate taxes, and in fact at least some people are asking if maybe we need to roll back the recent corporate tax cuts.

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