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PSPS

(13,593 posts)

6. Here's how it works...

Reply to Calculating (Original post)

Wed Jun 10, 2020, 07:03 PM

Jun 2020

Discount window is open to anyone now with zero interest. Free money! What to do? Belly up, take out billions, then use it for stock buy backs, thus driving up the market. As an added benefit, all those billionaire CEO's whose compensation is tied to the company's stock price end up raking in more billions! What a country!

Note: Most of the loans/grants tied to the $2 trillion covid relief bills that big corporations are getting is being used for the same thing -- stock buybacks.

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6 replies

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Highlight:

Apparently we just needed a pandemic for the best stock market ever [View all] Calculating Jun 2020 OP

Apparently Wall Street is all that matters, not Main Streeet NameAlreadyTaken Jun 2020 #1

The Dow was down 282 points today Sherman A1 Jun 2020 #2

DOW isn't the whole stock market and the indexes are near all time peaks while 2 yrs out economic uponit7771 Jun 2020 #4

It's a giant money laundry/casino. Hugin Jun 2020 #3

I've been using this opportunity to raise cash. dawg Jun 2020 #5

Here's how it works... PSPS Jun 2020 #6