Unaffordable bailouts and buybacks: Bend over, here it comes again!

[PJL]

" Covid-19 lives, Capitalism dies: Oligarchs, buying influence in Washington and Westminster, have become reliant upon bankers and politicians providing taxpayer-backed bailouts when their reckless highly leveraged bets go wrong. Since 2010, companies trading on the S&P 500 stock index spent over $5.3 trillion on stock buybacks. Allowing companies to borrow money so they can buy back stock and issue dividends is wrong. It destroys future growth and earnings, and it impairs a company’s ability to self-finance in a crisis while artificially pushing stock prices higher. Share buybacks involve a conflict of interest because top executives owe a fiduciary duty to their companies and simultaneously profit from exercising stock options. If the borrowed money was used to stimulate organic growth or maintain capital buffers to protect companies from economic recessions, executive pay would be less excessive and bailouts would not be needed." .......https://www.rt.com/op-ed/484307-capi...buybacks-fail/

[Hoosier8]

The loans in the passed bill require zero buybacks and no increase in CEO pay. So what's your point?

[Peter1469]

Of the money that goes to the likes of NPR and the Kennedy center, how much will return to the DNC as a political contribution?

[bulletbob]

The loans in the passed bill require zero buybacks and no increase in CEO pay. So what's your point?

His point is waaaa waaaaa waaaa

[PJL]

The loans in the passed bill require zero buybacks and no increase in CEO pay. So what's your point?

It remains to be seen what the corporate sector does with it's $500billion in bail-out money . The point is , unless that money is used to support jobs and the economy , they don't have a need to be getting anything at all . If so , it should have been pumped straight into health care , or to support the growing numbers of unemployed, until they can get back to work.

[bulletbob]

It remains to be seen what the corporate sector does with it's $500billion in bail-out money . The point is , unless that money is used to support jobs and the economy , they don't have a need to be getting anything at all . If so , it should have been pumped straight into health care , or to support the growing numbers of unemployed, until they can get back to work.

You obviously have no clue about the bill plj . the money is not use as you want it comes with restrictions and can only be used for ceraltain things its a loan not a bail out

[waltky]

Granny says, "Dat's right!...

... we all gonna die!"

[Collateral Damage]

It remains to be seen what the corporate sector does with it's $500billion in bail-out money . The point is , unless that money is used to support jobs and the economy , they don't have a need to be getting anything at all . If so , it should have been pumped straight into health care , or to support the growing numbers of unemployed, until they can get back to work.

Perhaps you need to read what is required toreceive that money, what it needs to be used for, and how it is not automatically 'given' it is loaned.

But no nevermind, let's go with the idea that the corporation will go have a booze party at some resort in the Caymans, shall we?

[Collateral Damage]

Granny says, "Dat's right!...

... we all gonna die!"

Hey, that's my line! Well, besides Granny....

[Collateral Damage]

You obviously have no clue about the bill plj . the money is not use as you want it comes with restrictions and can only be used for ceraltain things its a loan not a bail out

You were spot on all the way to the end... with additional records and filings, some or all may become a grant if compliance to the rules can be proven.

End result, people may still have jobs when it's all said and one.