What companies are you willing to bail out.

B Parker · 03-23-2020, 08:40 PM

With all the talk about bail out money for large corporations what do you think? I'm all in favor about bail out money for companies that are vital in keeping are country going. But I do believe any company that receives free bail out money should not have anyone on their payroll that makes more than 250,000 this year. You want to see some crazy numbers take a look at what the CEO's of the major Airlines make. It will shock you. I'm sorry I don't want to see my tax money given to a company that the CEO's make millions. BP

Delta's top ten make from 2 mil to 14 mil.

rboyle · 03-23-2020, 09:59 PM

Quote:

Originally Posted by B Parker

With all the talk about bail out money for large corporations what do you think? I'm all in favor about bail out money for companies that are vital in keeping are country going. But I do believe any company that receives free bail out money should not have anyone on their payroll that makes more than 250,000 this year. You want to see some crazy numbers take a look at what the CEO's of the major Airlines make. It will shock you. I'm sorry I don't want to see my tax money given to a company that the CEO's make millions. BP

Delta's top ten make from 2 mil to 14 mil.

I say pass on the cruise ships especially those with "ships registry Bahamas" attached to it. I would also like them to have to spend the money on reinvesting in keeping the jobs here in USA .

Pete Lanciers · 03-24-2020, 01:21 AM

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 · 03-24-2020, 07:26 AM

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 · 03-24-2020, 12:06 PM

Quote:

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 · 03-24-2020, 12:58 PM

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.

jwsamuel · 04-13-2020, 05:48 PM

Quote:

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 · 04-13-2020, 07:30 PM

Quote:

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

Fireofficer5 · 04-14-2020, 09:48 AM

Comparing Planned Parenthood to corporate giveaways.

Blind mice.

Eddies66 · 04-16-2020, 08:34 AM

Quote:

Originally Posted by Randy Wells

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

Do you know what the "Hyde Amendment" is or are you just ignorant to the laws of the land?

03-23-2020, 08:40 PM	#1
B Parker Senior Member Join Date: Sep 2009 Posts: 835 Likes: 921 Liked 2,314 Times in 455 Posts	What companies are you willing to bail out. With all the talk about bail out money for large corporations what do you think? I'm all in favor about bail out money for companies that are vital in keeping are country going. But I do believe any company that receives free bail out money should not have anyone on their payroll that makes more than 250,000 this year. You want to see some crazy numbers take a look at what the CEO's of the major Airlines make. It will shock you. I'm sorry I don't want to see my tax money given to a company that the CEO's make millions. BP Delta's top ten make from 2 mil to 14 mil. Last edited by B Parker; 03-23-2020 at 08:49 PM.

03-24-2020, 01:21 AM	#3
Pete Lanciers Member Join Date: Mar 2009 Location: San Diego Posts: 370 Likes: 809 Liked 563 Times in 146 Posts	Re: What companies are you willing to bail out. 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! __________________ Pete Lanciers PAL Automotive Racing Stock 7801

03-24-2020, 07:26 AM	#4
Billy Nees VIP Member Join Date: Oct 2002 Location: On a hilltop in Pa. Posts: 4,223 Likes: 3,103 Liked 6,791 Times in 1,524 Posts	Re: What companies are you willing to bail out. 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. __________________ Billy Nees 1188 STK, SS World's greatest Under-Achiever!

03-24-2020, 12:58 PM	#6
Paradigm Shift Member Join Date: Mar 2017 Posts: 143 Likes: 3 Liked 80 Times in 29 Posts	Re: What companies are you willing to bail out. 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.

04-14-2020, 09:48 AM	#9
Fireofficer5 Junior Member Join Date: Nov 2013 Posts: 89 Likes: 36 Liked 33 Times in 20 Posts	Re: What companies are you willing to bail out. Comparing Planned Parenthood to corporate giveaways. Blind mice.