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Should the automakers have gone bankrupt?
2012 Oct 25, 9:25am 1,943 views 8 comments
by CL follow (1)
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zzyzzx
@
2012 Oct 27, 4:18am
zzyzzx
@
2012 Oct 27, 4:18am
should they be required to have enough in reserves to handle a depression? Should any industry?
Yes to both.
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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?