They didn't have to do anything. If you are in business and it all turns to poo it's tough luck.
If you are a huge Airport whose shareholders have taken billions in payouts then they could be putting those billions back in to support an industry that was clearly able to make billions all things being equal.
Same as the rest of the business world. If you've had it good, why does the Taxpayer have to bail you out now there's a bit of a panic on? This includes contractors. You've made the money, if you haven't saved any of it for a rainy day, why, exactly, does the tax payer owe you a living?
Why is it that the people that already have millions feel the government has to bail them out when their gambling session goes TU?
So the Goberment is offering to guarantee the banks loan you some money at very good rates to tide you over and make sure you can keep up the payments on your Merc's and Bimmers for a few months. Why the heck shouldn't the banks get something back for loaning money to someone who is saying to them "Well, guv, I don't have any work, and I don't know when I will have any income for maybe 6 months but can you lend me a few grand on the never never?"
Some people live in cloud cuckoo land.
If you are a huge Airport whose shareholders have taken billions in payouts then they could be putting those billions back in to support an industry that was clearly able to make billions all things being equal.
Same as the rest of the business world. If you've had it good, why does the Taxpayer have to bail you out now there's a bit of a panic on? This includes contractors. You've made the money, if you haven't saved any of it for a rainy day, why, exactly, does the tax payer owe you a living?
Why is it that the people that already have millions feel the government has to bail them out when their gambling session goes TU?
So the Goberment is offering to guarantee the banks loan you some money at very good rates to tide you over and make sure you can keep up the payments on your Merc's and Bimmers for a few months. Why the heck shouldn't the banks get something back for loaning money to someone who is saying to them "Well, guv, I don't have any work, and I don't know when I will have any income for maybe 6 months but can you lend me a few grand on the never never?"
Some people live in cloud cuckoo land.
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