zlacker

>>psim1+(OP)
One of the more worrying things to me is how this pandemic (and/or our response to it) will disproportionately affect small businesses and individuals. As Amazon hires 100k workers how many jobs are being lost by small businesses failing?

>>tlrobi+Eo
Marginal businesses of any size are going to fail, and the less marginal will become marginal.

Larger businesses have a proportionately larger need for money to sustain themselves. Big business doesn't mean rich business. Look what's happening to the airlines.

>>Walter+Pq
You mean like American Airlines that had a profit of $7.6 billion in 2015, and didn't save dollar one for a rainy day? Instead, it bought back $15 billion worth of stock over six years while raising fees and shrinking seats?

“I don’t think we’re ever going to lose money again,” -Doug Parker, American Airlines CEO, 2017.

Let 'em fail.

>>reaper+uw
Letting them all fail would do more harm to others than warranted.

But letting the weakest one fail as a warning to the others that the bailouts are over and perhaps they should learn to save against rainy days isn't the worst idea.

>>_jal+UB
You let them fail and wipe out the shareholders. Let the shareholders cover debts. Forgive the rest of the debt. Wipe out the management team as well.

Airline comes out nimble and debt free. Average Joe still has airline competition. Shareholders get wiped out, but that’s the risk you run for yield.