The whole thing depends on the general public and, probably, most legislators not understanding the difference between the words "bankruptcy" and "liquidation".
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>not understanding the difference between the words lol come on this is like neolib tv pundits crying about people "voting against their economic interests." so disconnected
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Love your stuff, and agree with others in the feed; goes beyond ability to restructure in organized way... I don’t see it as anti-capitalist to suggest that government mandated shutdowns should also see govt intervention to keep business owners from handing the keys to creditors
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That is not an unreasonable position but I wonder just how much people would be flying now anyway? Are we certain the government lockdowns have impacted demand that much more than an all out outbreak would have? Just a thought. I’m not sure of the answer.
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We're forcing businesses to shut down with the law. This is not the same thing as businesses failing. If the government forced me out of my home for a few months, I'd expect them to at least cover my rent/taxes/etc. That's why the shorts lost.
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They haven't lost until they cover!
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Totally agree
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No position, but if equity goes to 0 now, industry debt cost will be gigantic for decades, no new entrants like jblu, and flights will get a lot more expensive indefinitely. Or is that wrong? not worst thing for country but not great. I think gov should take a chunk of eq not all
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Air Canada is still kicking despite bankruptcy
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You don't need the alt perspective, you need to find the motivation (in my thought process): The powers that be, if they "save" jobs, have a continued voting base. Nvm that those jobs aren't at complete risk in a reorg, but tell that to the guy working in baggage clearing.
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