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this post was submitted on 12 Jun 2024
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Good. Maybe they'll be the first corporation forced to eat crow for their corner cutting.
Don't count on it, the government will bail them out if they drop further
I wouldn't be so sure. Government bailouts tend to happen because they're almost forces to. Where the economy can suffer greater loss without the bailout. Generally, in a scenario where a company or corporation has nestled itself into something the economy is dependent on. Of course what happens after that bailout is the bad part where it often seems nothing is done to alleviate the economy's dependency, nor is the actions of the body receiving the bailout regulated, monitored, or needing to pay it back.
I don't know how much dire a state the US economy would be in with Boeing missing or significantly damaged, but can't imagine it's perceived to be as bad as the crooked banks.
Edit: Oh, wait. The military is dependent on them. Yeah, there'd be a bailout lol
Boeing has MASSIVE government contracts, and does a ton for both the military and NASA. They're absolutely bailout material, as much as it hurts me to say.
I'm waiting for a condition of the bailout to be separating Boeing Defense from Boeing Aerospace, so the aerospace side can fail
Well looking at their income per sector commercial is the largest. And they probably split r&d across these sectors. So losing civil aviation probably would mean they can be less competitive as defense contractors.
BA is one of 30 companies in the Dow Jones Industrial Average used to measure the performance of the domestic market. It practically represents an entire sector but itself. The Fed will absolutely help BA
You think Trump would do that?
How would he have any say over what the government does? He doesn't even have control over his bodily functions.
I guess I'm just feeling pessimistic about the future tonight.
They'll just start selling their planes at a discount to win back buyers, then cut more corners to make a profit at the discounted rate.
What're they waiting for?
Stock prices to drop sufficiently.
I'd consider that to be "eating Crow", considering that's the one thing they're supposed to be concerned about.
They'll just use the opportunity to buy back stock.
Boeing should be nationalized. If a company is "to big to fail" they inevitably do because of bad leadership and greed. They need to be nationalized as part of the bail out package. But because our government is corrupt Boeing with get billions of tax dollars to save them.