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A key point missing is defining that criteria in advance. If your market economy rewards buybacks heavily and you didn't know it was a moral hazard, why should
by ed312 6y ago
A key point missing is defining that criteria in advance. If your market economy rewards buybacks heavily and you didn't know it was a moral hazard, why should your company (and its employees & shareholders) suffer? I can see banning future buybacks until the gov't loan is repaid though.
- toomuchtodo 6y agoBailouts might be necessary, but they absolutely should not be expected. And if the are needed, we should take a piece of your equity for our troubles. If you don't agree to that, which is your right as a business, make do without.