this post was submitted on 05 Jan 2024
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Just nationalize them. If the government has to bail them out then then the government just bought them. If a company is too big to fail then it's too big to be privately owned.
That's what they did in my country when a bunch of the big banks almost keeled over in 2008/2009. They were temporarily (partly) owned by the state and eventually bought back their rights to operate as a separate business when things were going better again.
That's actually what the US government did with at least one of our failed companies as well, General Motors.
Should've done it to all the banks and house loan companies too imo.
They also gave GM a 45 billion dollar stock swap and GM never paid it back. They paid back the loan but not the stock swap. Every time I hear people brag about how the government saved GM I wonder what amazing things any company could do with not only 45 billion to play with but the government ensuring that no one could take them down for a year.
Give me 45 billion and the full faith and credit of uncle sam, I will create so many jobs.
The problem with that is that goverments are shit at running companies, so the ownership should always be <50%. But they should definitely get stock or bonds for the bailouts. And if selling less than 50% of the company off to the government won't get them enough money to stay operating, they need to just give up.
I don't want them to be nationalized though, I want them to be able to operate without needing government intervention, basically the exact opposite
Are you just talking about bailouts or regulations in general? Because businesses need to be regulated.
Just bailouts
Let them keep their control of the company, but give shares of the company to the American people who paid to bail them out.
Everyone gets dividends