alt Hacker NewsIt seems that del monte proper is not actually declaring bankruptcy, so how is it that the American tax payer is left picking up the check on this one? Privatized profits, socialized losses!
It seems that del monte proper is not actually declaring bankruptcy, so how is it that the American tax payer is left picking up the check on this one? Privatized profits, socialized losses!
The money isn't going to Del Monte, it's going to their suppliers. The ones who lost money when Del Monte closed.