Rational Thought
Member
- Dec 5, 2002
- 66
- 0
[blockquote]
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On 12/7/2002 754 AM Bob Owens wrote:
What does this prove? He rejects one mistress at the behest of all the others. This is a struggle BETWEEN big businesses and he has chosen sides.The employees are "collateral" damage, a bonus.
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[/blockquote]
A biased comment. The point is that the US government should let the market decide who has a successfull business model. And it has. It has decided not to provide UAL with any money because investors (bond holders) don't think they will get it back. Nor do equityholders have any faith in the profitability of the business. The issue is that the government should not pick winners and losers.
----------------
On 12/7/2002 754 AM Bob Owens wrote:
What does this prove? He rejects one mistress at the behest of all the others. This is a struggle BETWEEN big businesses and he has chosen sides.The employees are "collateral" damage, a bonus.
----------------
[/blockquote]
A biased comment. The point is that the US government should let the market decide who has a successfull business model. And it has. It has decided not to provide UAL with any money because investors (bond holders) don't think they will get it back. Nor do equityholders have any faith in the profitability of the business. The issue is that the government should not pick winners and losers.