Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
  • golamas1999
    28•1 year ago

    If companies are deemed to big to fail then they need to be nationalized.

    • @[email protected]
      5•1 year ago

      Nationalizing a company opens a whole new can of worms.

      Do you just let them operate at a loss? How can the others in the industry compete with a company that the taxpayers subsidize to operate at a loss?

      IMO, The terms of a to “big to fail” bailout should be a slow liquidation or a Ma Bell style breakup.