Socialism, dammit!!!!!
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Exactly
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So you pay the workers until September, let their former employer go under, and then what? You’ve just allowed thousands of job opportunities to disappear.
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Unless we own 51% equity it's a bad deal
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Gotta love it when socialism benefits the rich!
@DineshDSouza@realDonaldTrump@IngrahamAngle#fuckmaga#droptheturdonnovemberthirdThanks. Twitter will use this to make your timeline better. UndoUndo
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Was there a 'you can't use this money for a stock buyback' provision?
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Did public get equity in the airlines or are they paying part of it back ?
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It works for each company similar to this but not exactly: $1B in low interest loan and $4B grant. The FED or TRES will take stock and company can’t do anything like buy back shares until after September. If they do, they have to pay it all back - no grant money. Roughly speaking
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Free money for corporations that constantly shuffle assets and debt amongst the big banks, and pay no taxes, to remain profitable no matter what. Corporate Welfare.
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