What companies are you willing to bail out.

[Pete Lanciers]

I'm not a proponent of any no strings Bail Outs (...read corporate welfare), now certainly there is industry that needs bolstering during times like we currently endure.

But what ever happened to Federally guaranteed loans that businesses have to repay similar to the arrangement that rescued Chrysler from insolvency in the 80's. The Government's Chrysler Loan Guarantee Board, which supervised the loan guarantees, demanded stock warrants as a quid pro quo for the loan guarantees so that the Government, which took a risk with the loan guarantees at a time when Chrysler seemed headed for bankruptcy, could share in the profit of a Chrysler recovery under Lee Iacocca...

Seems to me like that's good old fashioned capitalism!

[Billy Nees]

From what I'm seeing and hearing, large corps. aren't going to be receiving "bail out money". They will qualify for "low interest Govt. loans". Big difference.

[Pete Lanciers]

Originally Posted by Billy Nees

From what I'm seeing and hearing, large corps. aren't going to be receiving "bail out money". They will qualify for "low interest Govt. loans". Big difference.

Your absolutely right Bill, Big Difference, that was the point of my post... you must have insight into what's currently being negotiated that I do not, because such oversight and control was not in the original bill as presented last week.

[Paradigm Shift]

Zero bailouts are necessary or prudent.

Sound companies are able to obtain operating capital in loan form if they desire it.

Unsound companies with reasonably viable products or services will be immediately replaced.

[HP HUNTER]

" What companies are you willing to bail out"



Not a one............................people wake up

[bykr]

I agree this doesn't belong in tech. More suited to Facebook.

[Chevy55]

Y'all can kiss that stuff goodbye! LOL

https://www.cnn.com/2020/04/07/polit...nds/index.html

[farmco r/sa]

Originally Posted by bykr

I agree this doesn't belong in tech. More suited to Facebook.

I believe this is the" Lounge" not tech. Maybe it was moved from tech. Several threads moved lately.

[jwsamuel]

Originally Posted by Pete Lanciers

But what ever happened to Federally guaranteed loans that businesses have to repay similar to the arrangement that rescued Chrysler from insolvency in the 80's.

That was why there was a delay in passing the third stimulus bill. The Republicans wanted a no-restrictions bailout. The Dems wanted restrictions, such as no stock buybacks and no CEO bonuses.

[Randy Wells]

Originally Posted by jwsamuel

That was why there was a delay in passing the third stimulus bill. The Republicans wanted a no-restrictions bailout. The Dems wanted restrictions, such as no stock buybacks and no CEO bonuses.

You forgot to mention all the pork the Dems had in the Bill, Kennedy Center , Money for abortions by Planned Parent hood, Etc