03/16/2020
I love this post which is absolutely accurate...boeing used ultra cheap debt to finance buy backs and make billionaires out of penny ante executives who at the same time were hollowing out the company with debt and making the skies unsafe by cutting corners throughout their production runs....not to mention driving home prices and rental prices thru the roof for average wage earners in seattle.....AND NOW THEY WANT ALL Of US HARDWORKING TAXPAYING STIFFS TO BAIL THEM OUT!....I'm calling bs..crony capitalism at its finest.....corporations +central banks +lobbyists ...screw savers and make the elites filthy rich....the market crashes...the rich take their ill gotten gains and rebuy the stock they sold at the highs ....and we all bail their hollowed out companies out with government largesse...and now they get even richer!!!....sorry....not capitalism....they are all self serving crooks ...getting rich while your IRAs and pension funds and Roth IRAS get shattered.....what a country
If Congress or the White House bailouts Boeing as the chronic repurchaser of stock demands, there will be blood.