4 ms·
Ah if only that was the case. Turns out, when the government is involved then the taxpayer is buying but the government is deciding what to buy. There is no he
by sub7 7y ago
Ah if only that was the case. Turns out, when the government is involved then the taxpayer is buying but the government is deciding what to buy.
There is no hedge fund buying airlines right now. There will be a shitload of them lining up once the government commits to buying the debt because then they know there's only upside from there.
- Lazare 7y agoGee, maybe you should buy the shared after the announcement then, and pick up some of that free money for yourself? (Ignoring, for the moment, that bailouts generally zero out equity holders to ensure debt holders get paid.) Your cynicism is healthy, but I'm not sure you understand how this process works.
- sub7 7y agoNo shit I will. But I happen to be loaded and the cast majority of people are not. It's the people without money to deploy, the people who depend on fixed income (elderly, retired) and the people who had all their money in some index fund or mutual fund (your average Joe) that get screwed.