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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Mr. Eyjafjallajökull

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You were in Europe at that time. You get it. This whole "omg, we never could've seen something like this happening" thing is total bullshit. This happens more often than recessions do.
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