KNIGHT / SWIFT JUST BROUGHT U.S. XPRESS

I was with you till this part.
An emphatic NO here. There should be NO "being backed up by others." that is how the banking industry currently works and is root cause to why they constantly get bailed out even when they arent unhealthy.

If they cant stand on their own, theyre not healthy enough and NO ONE should lift a finger to save them.

If i as a company owner run my buisness into the ground, my neighbor should have no obligation to prop up my buisness or buy me out.


(If by "backed up", you mean just by there being other options, one can fail and it hurts only the customers of that single bank, i would agree, but thats not what how what you said comes accross)

 

If one bank fails, there are other banks to keep the economy afloat, Agree with you 100% that banks should be allowed to fail - with no bailout. Poor choice of words.

The ones pulling the strings never seem to think about unintended consequences and second or third order effects. Since the Fed bypassed the entire purpose for the FDIC, people are moving away from regional banks to the mega banks thinking they will be whole by the Fed if the mega fails. The Fed might try something like that but it would destroy the dollar as a currency once and for all.

 

Ah, my apologies for misunderstanding your meaning

 

The original "coffin sleeper"

 

i tend to agree with that..here, we had many union shops.........not anymore. get a pay raise? your dues goes up

company posts a profit? the union demands pay raises, up to and including a strike, to get them.

 

Knightly Swift Express

"we guarantee your stuff during the night and fast".

 

Swift XPress Knightly.

 

They might not be a monopoly (yet…) and can’t quite control the market but they do have the power & money to get laws passed that kill the small truck operation such as speed limiters, e-logs & emissions bs. This won’t be no joke.

 

agreed.....that and ATSB (?) folks who never gave 2 @@@@@ about independents, yeah, baby, they'll be driving the train