This is something I don’t get about the bailouts. The airlines have been through bankruptcy before and the industry is still with us. Why must we bail them out now? Why can’t we just provide DIP financing if need be and let the process work? Would love an alt perspective!https://twitter.com/DanielleFong/status/1248591202611585031 …
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this is a mindset thing bro, most people don't think this way. bankruptcy is seen as liferuiningly bad, this black amorphous thing in the distance, and not just a material but a moral failing
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Perhaps so but that is unfortunate. Companies and businessmen set up legal structures to play “keep away” with their creditors if they fail. Individuals need to learn to be proud of using the rules to their max advantage. They’re at a massive disadvantage if they don’t.
End of conversation
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