After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down - eviltoast
Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
  • Mamertine@lemmy.world
    8·
    1 year ago

    Nationalizing a company opens a whole new can of worms.

    Do you just let them operate at a loss? How can the others in the industry compete with a company that the taxpayers subsidize to operate at a loss?

    IMO, The terms of a to “big to fail” bailout should be a slow liquidation or a Ma Bell style breakup.