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A comment on Nearly half of American workers don’t earn enough to afford a one-bedroom (cont). Parent comment

Re:Nearly half of American workers don’t earn enough to affo... by josephcsible on Thursday August 12, 2021 @09:58PM (#28164419)
> Executives had looted companies by loading them up with debt that relied on optimistic cashflow, gave themselves bonuses for that "optimization", and then got bailed out when the cashflow slowed. These companies should have been restructured in bankruptcy, with the executives going to jail for violation of fiduciary duty.

By "optimistic cashflow", do you mean the assumption that the government wouldn't suddenly ban most companies from doing anything that would earn them any money for months on end? Because until they did, that seemed like a totally reasonable assumption.

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Re:Nearly half of American workers don’t earn enough to affo... by mindslight on Friday August 13, 2021 @09:26AM (#28168548)
No, I mean they assumed that there would not be a significant slowdown of economic activity due to something like a pandemic, recession, depression, natural disaster, or even a market shift. Trying to pin the blame on the government is a bit disingenuous when there was an overarching condition that everybody was responding to.
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