Bailouts and Capitalism
Bill shares his thoughts on government bailouts during the pandemic, emphasizing that taxpayer resources should not be used to save businesses that were already in decline before the crisis. He suggests that any capital injected into a business should be done on arm's length economic terms and the government should earn an adequate return on that capital. Additionally, he believes that companies that were over-leveraged pre-crisis should be allowed to file for pre-packaged reorganization where the creditors end up owning the equity.In this clip
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The Knowledge Project
Bill Ackman: Getting Back Up | The Knowledge Project Podcast #82
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