Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
On top of this, there is arguably avoidance of a huge negatives impact on workers in GM and elsewhere. So not only the shareholders who were benefiting. And even within shareholders there are regular people, pension funds, etc. Some bailouts make sense.
No bailouts make sense ever. If you really want to give free money to people just give it to them. You don’t need to make sure that their shitty employer is still shitty tomorrow.
On top of this, there is arguably avoidance of a huge negatives impact on workers in GM and elsewhere. So not only the shareholders who were benefiting. And even within shareholders there are regular people, pension funds, etc. Some bailouts make sense.
No bailouts make sense ever. If you really want to give free money to people just give it to them. You don’t need to make sure that their shitty employer is still shitty tomorrow.