Choice a is what normally happens when a company is insolvent, choice b is what ... | Hacker News

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gaius on Feb 18, 2009 | parent | context | favorite | on: Why We're Not Socialists

Choice a is what normally happens when a company is insolvent, choice b is what actually did happen.

anamax on Feb 19, 2009 [–]

Huh? The govt doesn't "normally" take over when a company is insolvent. Even with banks, the SOP until recently was shut-down (often via sale to another bank).

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