3 ms·
If they get bailed out, the US public should get an ownership stake.
by xtian 6y ago
If they get bailed out, the US public should get an ownership stake.
- munk-a 6y agoIf by US public you mean the common citizenry then no, of course that won't happen. But you can be certain that any public servants helping to grease through the bail out will be given quite cushy positions when they retire. That's the pattern in the US, when something should go to citizens it is instead diverted to politicians while rhetoric about bootstraps[1] is voluminously discussed. 1. Both sides of the aisle have large amounts of corruption and are ineffective to the citizenry - but the GOP really loves driving home the benefits of bootstraps.
- ideals 6y agoGerman government got a 20% stake in Lufthansa for their bailout. Seems fair American govt should also take a stake when bailing out these companies. https://www.businessinsider.com/lufthansa-government-fund-approves-9-billion-euros-in-aid-2020-5 https://www.businessinsider.com/lufthansa-government-fund-ap...
- morsch 6y agoThe German government intends to pay 6 billion EUR (+3 billion in loans), they should own Lufthansa outright. It's insane.