Quote:
Originally Posted by Phanuthier
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See fundamentally the bailout might be a terrible idea. But unfortunately the markets are so emotionally driven that a bailout can help stop people from freaking out. So many large companies have relied for a long time on debt to finance their operations (now maybe long term this will have to change) but, ones that do well or have done it responsibly can handle short term fluctuations in business fine, or they eventually fail. Right now however, the panic (which may be justified) is going to f-over a lot of sound/reasonable companies.
Now maybe this experience will lead to a change in how things are done. But might as well help them from failing so the lesson can be learned without people losing their jobs. Problem with these "big companies" that no one feels sorry for - is they employ
a lot of people.