Originally Posted by
m3113n1a1
Basically encourages corporations to take excessive risk and not worry about failing because Uncle Sam (taxpayers) will be there to save you. I thought we were against corporate welfare?
The government is potentially taking up to a 90% equity stake. No management would really consider that a backup. Also the bankruptcy documents have already stated the stockholders will be wiped out. I’m not sure why the stock spiked today or if that can change.