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You'd have to dive into their business to figure out if they would have been in deep trouble without public money or if they were literally eating our lunch. Pe
by apaprocki 15y ago
You'd have to dive into their business to figure out if they would have been in deep trouble without public money or if they were literally eating our lunch. Personally, I'm not sure a fast-food chain should be receiving money from the Fed, but hey...
- tptacek 15y ago400,000 employees, for a start.
- apaprocki 15y agoLooking at their financial sheet, I'm not sure any of their business would be affected if they had to pay more for this measly $109M. Their profit and positive cash flow is in the billions per year. At some point (and higher rate), someone would loan McDonald's $109M, no? Why wasn't this just left up to the market?
- eru 15y agoMcDonald's probably has some lobbyist of their own.