Federal Reserve pledges asset purchases with no limit to support markets

Re:Federal Reserve pledges asset purchases with no limit to ... by dragontamer on Monday March 23, 2020 @06:05PM (#22669313)

> They United Stats Government should do it. They have literally unlimited funds, and this approach would actually be the most consistent with our "capitalistic" economic model.

That's actually called Socialism, when the government buys up companies and starts to own the means of production.

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Re:Federal Reserve pledges asset purchases with no limit to ... by mistermann on Tuesday March 24, 2020 @01:32AM (#22672246)

Under capitalism, if you go broke, you're broke. Boeing is broke, because the executives took all the cash for themselves via buybacks.

If the taxpayers are getting their wallet out, it should be to purchase something. So, they will be purchasing equity in the bankrupt company.

If Boeing doesn't like it, they can go pound sand, or maybe the executives could use the money (that formerly belonged to the shareholders) to purchase the shares themselves. Of course they don't want that, they want to have their cake and eat it too, again.

[ Parent | on HN ]