Warren's Conditions for Bailouts

[CitadelGrad]

I don’t favor bailouts for poor business decisions. That’s been my position since well before 2008.

So let’s just bail out the businesses that made sound decisions?

Well, those would be the ones most deserving of a bailout under these circumstances. Not that I'm a proponent of TBTF or bailouts in general.

Reinforce success. Punish failure (or at least don't subsidize it).

[kalm]

So let’s just bail out the businesses that made sound decisions?

Well, those would be the ones most deserving of a bailout under these circumstances. Not that I'm a proponent of TBTF or bailouts in general.

Reinforce success. Punish failure (or at least don't subsidize it).

So define sound decisions...

[Ivytalk]

Well, those would be the ones most deserving of a bailout under these circumstances. Not that I'm a proponent of TBTF or bailouts in general.

Reinforce success. Punish failure (or at least don't subsidize it).

So define sound decisions...

Pretty much anything that would fall under the “business judgment rule” standard, which is gross negligence under DE law. It’s designed to protect corporate officers and directors from the consequences of taking rational business risks. Is this enough, or do you want a JoltinJoe-length treatise?

[CAA Flagship]

I missed that part... I was ranting at Flaggy (sorry Ganny)

Me? Either quote my post or rant at something related to what I posted.

So what did I say that warranted a rant from you?

[kalm]

So define sound decisions...

Pretty much anything that would fall under the “business judgment rule” standard, which is gross negligence under DE law. It’s designed to protect corporate officers and directors from the consequences of taking rational business risks. Is this enough, or do you want a JoltinJoe-length treatise?

I’m only getting started!

Define “rational”.

[CitadelGrad]

Well, those would be the ones most deserving of a bailout under these circumstances. Not that I'm a proponent of TBTF or bailouts in general.

Reinforce success. Punish failure (or at least don't subsidize it).

So define sound decisions...

You used that term. I didn't. You define it.

[kalm]

So define sound decisions...

You used that term. I didn't. You define it.

Actually Ivy brought up the point. I was just replying. You don’t have to answer it if you don’t want to. It’s a trap anyway.

[Ivytalk]

Pretty much anything that would fall under the “business judgment rule” standard, which is gross negligence under DE law. It’s designed to protect corporate officers and directors from the consequences of taking rational business risks. Is this enough, or do you want a JoltinJoe-length treatise?

I’m only getting started!

Define “rational”.

You’re at it again. Actually, I should delete the word “rational” from my post. It doesn’t really add anything under the gross negligence standard. Now you answer my question.