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SWBTATTReg

(26,156 posts)

3. This is ridiculous. Now the feds is supporting incompetent businesses by buying up their bonds?

Reply to UpInArms (Original post)

Thu Apr 9, 2020, 12:00 PM

Apr 2020

And where are the republicans in all of this? Where are they hiding? Why aren't they complaining that businesses already doomed to fail should be allowed to fail? That is, if they already were in the process of going bankrupt (as foretold by those who issue loans and bonds by assigning a junk bond rating to their securities of failing companies). Why rescue them? Probably because some of them are rump's buddies, it wouldn't surprise me.

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Fed fires an even bigger bazooka, expands its shopping list to include junk bonds [View all] UpInArms Apr 2020 OP

Wow! Newest Reality Apr 2020 #1

This will come back and bite us on the butt....big time ashredux Apr 2020 #2

This is ridiculous. Now the feds is supporting incompetent businesses by buying up their bonds? SWBTATTReg Apr 2020 #3

No, they're not supporting incompetent businesses by buying up their bonds. Igel Apr 2020 #4

In a way they are supporting these failing businesses by providing a support level to their ... SWBTATTReg Apr 2020 #9

But the people who invested in them knew they were insanely risky. Squinch Apr 2020 #10

Exactly. The market knows too well in advance that most of these bonds are junk. They're ... SWBTATTReg Apr 2020 #16

And the Harold Hamms of the world are going to love this again..................... turbinetree Apr 2020 #5

Really. They indeed must be loving the govt buying their collapsing bond prices (and... SWBTATTReg Apr 2020 #13

Exactly.................you said it perfectly................that what so maddening............. turbinetree Apr 2020 #14

Yes, and this is going to come back and bite them in spades later. I can't wait now, when I ... SWBTATTReg Apr 2020 #17

An update...you must have the ability to read the future! SWBTATTReg Apr 2020 #23

This a bail out of Trump's masters Miguelito Loveless Apr 2020 #6

I guess even the nefarious PPT isn't enough to cover a turd pile this high PSPS Apr 2020 #7

I knew the banksters would get another 2009 bailout. nt yaesu Apr 2020 #8

Toxic assets for the Fed bucolic_frolic Apr 2020 #11

@1:20 p.m. elleng Apr 2020 #12

I'm giving it all she's got, Captain! IronLionZion Apr 2020 #15

Will the democrats ever hold hearings into the Fed's action and the countless TRILLIONS the FED have beachbumbob Apr 2020 #18

The purpose of government has become to protect wealth and wealthy from everything bucolic_frolic Apr 2020 #19

doesn't mean an effort can't be made beachbumbob Apr 2020 #20

I wanna believe, I really do bucolic_frolic Apr 2020 #21

And the scam continues. old guy Apr 2020 #22