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Should the automakers have gone bankrupt?
2012 Oct 25, 9:25am 1,947 views 8 comments
by CL follow (1)
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CL
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2012 Oct 25, 10:10am
CL
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2012 Oct 25, 10:10am
I believe two of the major ones did....... and we (the taxpayers) got to bail them out....
Sure, but would they have if Wall Street hadn't decimated the Global economy? Should every company prepare for such an eventuality?
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Why do we hold them to account? Although they had severe structural problems before restructuring, and in that sense it was overdue, but what were they expected to do? Were they supposed to have enough capital on hand to survive a near deflationary spiral/depression? What would it do to the economy and businesses large and small if businesses were required to prepare for such a disaster?