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DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » Who Will Get Hit When Col... » Reply #6

Response to marmar (Original post)

Tue Jun 30, 2020, 04:45 PM

6. Same people who got bailed out the last time they all got suckered

by "instruments" based on bad, uncollectable debt, funny how that all works the same damned way every single time.

Corporations are also drowning in debt, having issued a boatload of bonds during the lockdown. They have no way of paying those things off unless they can sweet talk investors into accepting the stock they bought back in a frenzy after Dumdum's lavish tax curs.

I just hope idiotic investment strategy isn't bailed out again this time.

I'm afraid we're all in for some very interesting times again.

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Replies to this discussion thread
Arrow 7 replies Author Time Post
marmar Jun 2020 OP
PoliticAverse Jun 2020 #1
Squinch Jun 2020 #2
Hestia Jun 2020 #3
empedocles Jun 2020 #4
Baked Potato Jun 2020 #5
LineNew Reply Same people who got bailed out the last time they all got suckered
Warpy Jun 2020 #6
sandensea Jun 2020 #7
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