Where do you read that? Not in this article.
I read too much debt with too much risk can result in companies with better financial management may buy the assets at reduced cost during the bankruptcy.
No bailouts. No federal subsidy.
There were plenty who criticized the oil majors for not spending billions jumping in the shale boom as fast as they could. Now some of those are buying in at a fraction of the cost. The message is investors need to be aware of the risks. The message is not that government (taxpayers) should take that risk away.
“Where do you read that? Not in this article.”
That was my personal observation! I was just pointing out that the government needs to not be involved here. These businesses need to stand or fall on their own.