Hacker News new | ask | show | jobs
by marvin 2291 days ago
Let's see what happens. But Norwegian privately owned, so if the state does bail them out, I sure as hell hope they wipe out the common shareholders in the process. This culture of moral hazard, "privatize the profit, nationalize the risk", is pure bullshit.

I probably agree with providing liquidity in the form of some sort of short-term loan in order to live through a completely unexpected macro crisis, if it's done on equal terms to everyone. But Norwegian won't survive that either, I think.

1 comments

Yes, this! I wouldn't be happy as a shareholder if this happened but if the last resort for a company is a government bailout the government should own the company and benefit from the recovery.