'Let them go bankrupt': Billionaire bond king Jeffrey Gundlach explains why the government should let cash-strapped airlines go belly-up — and says intervention will just end up juicing their profits

8:47am PDT - April 1st, 2020    tom holland - Business Insider

Jeffrey Gundlach — the CEO and chief investment officer of DoubleLine Capital — thinks US airlines that have used most of their cash to buy back their own stock don't deserve a government bailout. He notes imprudent leverage, overconfident corporate projectio…