Originally Posted by
NotMrNiceGuy
Painful? Yes. But the market would be just fine. The airplanes aren’t burned to ashes. Another Indigo Partners would buy those planes for cheap and create a new competitor. Bad for our collective careers? Yes. Better for the consumer, American tax payer, and our industry ten years down the line? I think that is also a yes.
9/11 happened before the housing crisis. No one knows the size of the socialization of the losses to whoever it would be in BK.
The public doesn’t have confidence “The market will be just fine” nowadays. Panic by the public makes something recoverable unrecoverable.
I imagine a fire on a boat and everyone runs to one side and the boat flips over and everyone drowns.
There is a study published that fighting the fire results in 1-2% casualties, but it never happens, everyone simulation the boat flips over.