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A comment on Fed to buy junk bonds, lend to states in fresh virus support. Parent comment

Re:Fed to buy junk bonds, lend to states in fresh virus support by aaronblohowiak on Thursday April 09, 2020 @06:26PM (#22827846)
I think what the person meant in spirit is aligned with what happened in practice — GM’s shareholders were wiped out and the government (through chapter 11 restructuring and investment) ensured it was a going concern and had a subsequent IPO (privitization) ..
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Re:Fed to buy junk bonds, lend to states in fresh virus support by toomuchtodo on Thursday April 09, 2020 @07:22PM (#22828268)
Yep, exactly, although privatization isn’t a necessary component (Fannie and Freddie mortgage GSEs have been held onto as a public good).
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