Quote:
Originally Posted by vilger
Boeing should be allowed to go bankrupt if they can't extricate themselves from the mess that they created for themselves. Bankruptcy does not mean that the company will cease to operate; it just means that the current stockholders will be wiped out, and the current creditors will become the new stockholders. The company can then start anew with no debt. GM went bankrupt during the Great Recession; the stockholders were wiped out but the company still exists. The taxpayers should not be on the hook for corporate mistakes; it's called Capitalism.
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Oh, I’m sure who would come back and take over all of the lost business: C-H-I-N-A! There we go, let Boeing, GM, Ford, restaurants (that’s what we need more of China Buffet) all go under! Make you wonder? 🤔