The market crash is just a symptom. The real problem is the sudden shrink in money+credit supply and consequent cost of liquidity.
Not all bailouts are good, not all are bad.
Post by twetch#5040
What’s an example of a good govt bailout?
What the chain says
- Block
- 632 043
- Time
- 2020-04-24T18:00:57Z
- Signer
- 1NnjDhcC9qaoVwdJGv1TLK6nmNVrsTPK5T
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#5040
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1NnjDhcC9qaoVwdJGv1TLK6nmNVrsTPK5T VerifiedReplies (3)
Airline companies, so they can still transport goods.
Not all of the airline companies would have failed. Where do the planes go? Pilots? Equipment? They get either absorbed by the surviving airlines, or bought out by investors for cheap. New and better run companies will form.
Thats when there are buyers. In 0% interest its minimum. So what do struggling companies do? Bleed till workers leave mega companies? Disaster for services, just because a few CEOs mismangd smthg?(on perpouse maybe). Bailout could be justified .