The Spirit of Trump Sovereign Investment
The folks who are convinced Trump is driving us toward “state capitalism” can take a breath.
Over the weekend, Spirit Airlines gave up the ghost and went to that great hangar in the sky, ending 34 years as America’s leading ultra-low-cost carrier. The administration let it happen, and the critics who assumed a bailout was a foregone conclusion got it wrong.
It wasn’t for lack of trying on the part of Spirit’s creditors and management. Reports indicate the White House was willing to extend up to $500 million in financing but on terms that demanded real equity and repayment discipline. Trump wanted the…
Read the full article at BREITBART.COM
