can you imagine having more sympathy for companies than for people? here's what it looks like:
Quote (Goomshill @ 13 Mar 2020 01:46)
itt: socialist doesn't know the difference between short term repo loans and spending money on social programs
my favorite was hearing the tankies screaming this money should have gone towards student loans. So that instead of low/subsidized interest flexible payment long term forgiveable loans, they'd get between overnight and 3-month max repo loans on collateral that will be seized when they can't pay up.
Quote (ofthevoid @ 13 Mar 2020 01:59)
Many companies aren't profitable (yet) and need to finance their operations somehow. If the credit markets seize up and they can't finance operations or service short term debt obligations then they essentially close up and everyone employed there is without a job.
There's a fuck ton of companies that are in this position. Uber, Lyft, Tesla, & many others raise capital either through debt or giving up equity. We HAVE to save these companies otherwise look forward to unemployment rates going to 20% in a few months.
socialism for the rich and corporations, cutthroat late stage capitalism for the rest...