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If a company goes “Omg, we won’t make it this year, we need 2 billions in aid just to keep going with business as usual, not even takeing our normal 10% growth
by boublepop 7y ago
If a company goes “Omg, we won’t make it this year, we need 2 billions in aid just to keep going with business as usual, not even takeing our normal 10% growth into account!?” then the government will still not pay a dime to that company if their “business as usual” includes 15 billion buy backs.
The point is that companies need to take the hit on their owners and shareholders pockets first, and only then if they still need aid to survive, then the government steps in.
It’s aiming to protect the bottom, not the top.
- JoeAltmaier 7y agoI think of it more as somebody trying to hold a raft together, spread-eagled on the deck hanging onto the mast, the tiller, the log decking, hoping the storm passes and it all hasn't broken up yet.