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by jeffdavis 2286 days ago
I think the general consensus is that it's fine for bad companies to go under. But we have a situation here where a lot of reasonably good companies could go under just because of the social distance on a global scale.

The 2008 crunch was almost purely financial. Let's get past this pandemic and then see where the businesses shake out financially.

1 comments

The CEOs will probably just take the money and use it for more stock buybacks and pay themselves bonuses. It's 2008 all over again.

They put themselves in this position by being fiscally irresponsible in order to pump and dump their stock. They should be held responsible by experiencing the joys of bankruptcy.