Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

soothsayer

(38,601 posts)
Thu Sep 24, 2020, 10:10 AM Sep 2020

Nearly 100 companies whose bonds were purchased by the Fed fired workers and gave money to sharehold


?s=21


Jennifer Taub
@jentaub
Unbelievable. Nearly 100 companies whose bonds were purchased by the Fed fired workers and gave money to shareholders through dividends.

AFR
@RealBankReform
From @COVIDOversight report:

The @federalreserve purchased corporate bonds issued by firms that:
- Laid off >1 million workers since March;
- 95 companies that laid off workers AND issued dividends;
- 227 companies accused of illegal conduct since 2017
https://coronavirus.house.gov/sites/democrats.coronavirus.house.gov/files/Staff%20Report%20%289-23-2020%29_FINAL.pdf
3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Nearly 100 companies whose bonds were purchased by the Fed fired workers and gave money to sharehold (Original Post) soothsayer Sep 2020 OP
makes me want to buy their stocks so i have a proxy vote. ihas2stinkyfeet Sep 2020 #1
Owning common stocks don't grant much in the way of voting rights... Wounded Bear Sep 2020 #2
hmm. ihas2stinkyfeet Sep 2020 #3

Wounded Bear

(58,634 posts)
2. Owning common stocks don't grant much in the way of voting rights...
Thu Sep 24, 2020, 10:48 AM
Sep 2020

What really matters are preferred stocks, and generally speaking we can't get them.

Latest Discussions»General Discussion»Nearly 100 companies whos...