To anyone who thinks that the airlines couldn't have seen this coming or avoided catastrophe without a bailout: 1. The airline industry has gotten so concentrated in the past couple of years that Buffett bought into it. Buffett doesn't buy businesses that can't generate returns.
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This might be ridiculous and isn't really thought out, BUT would the country be better if companies over some market cap/rev/whatever had to have a certain ratio on their balance sheet to make them healthier?
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Not sure - it's sort of what we have done with banks.
End of conversation
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