Originally Posted by
torvalds
The chancellor doesn't want to bail them out either... I guess he (and his team) knows a thing or two about this whole situation we are in right now.
An airline will be replaced by another airline and the unemployed will be employed again (paying tax, etc). Or is it going to be the end of mankind as we know it?
Just wondering in the light of your comment if governments - and airlines - have their fingers deep inside the Derivatives Pie...those self-same financial vehicles that helped fuel the 2007-2008 crisis.
Derivatives are such a large part of the global flow of cash as to be unquantifiable. Someone somewhere is going to be left with a very large bill/loss. And I suspect that that is why bail-outs are not popular with governments at present. I hope not.