4 ms·
I'm not sure I understand what your opposition is to at the same time keeping employees above water, and preserving their place of work. It'd seem to me that it
by m0zg 7y ago
I'm not sure I understand what your opposition is to at the same time keeping employees above water, and preserving their place of work. It'd seem to me that it's the _workers_ who are getting a bailout here, by design, not corporations. In fact companies with more than 500 employees or above certain revenue threshold aren't even eligible.
The OP is railing against corporations (such as e.g. Boeing) which he/she think are getting trillions for free on taxpayer's dime.
- gamblor956 7y agoI'm not opposed to that idea. In simply saying that your understanding of the CARES Act loans is wrong.
- m0zg 7y agoMy understanding is there are several different kinds of loans, which is what I've been trying to point out. So it's conceivable that _your_ understanding of CARES Act loans is wrong. Large companies do not get the kinds of loans that can be "forgiven", and government takes equity stake in them to ensure that the loans are paid back. This is particularly chafing to some since equity prices are in the shitter right now.
- gamblor956 7y agoI'm aware that there are different types of loans in the CARES Act. But the OP was not referring to the large business loans, they were referring to small business loans. And the comment we were both replying to was mistakenly imputing issues with the large business loans to the OP's comments about small business loans. In your parent reply, you were doing the same--stating that large businesses do not qualify for CARES Act loans, which is wrong, but is also not relevant to any of my comments about the small business loans.