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Economy

Warpy

(111,237 posts)

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

Reply to marmar (Original post)

Tue Jun 30, 2020, 04:45 PM

Jun 2020

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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Highlight:

Who Will Get Hit When Collateralized Loan Obligations (CLOs) Blow Up? [View all] marmar Jun 2020 OP

Taxpayers after the ensuing bailout. n/t PoliticAverse Jun 2020 #1

Yeah. It's a small part of their balance sheets. But somehow, I know I'll end up giving them money Squinch Jun 2020 #2

Can't wait to see what Elizabeth & Katie Porter have to say Hestia Jun 2020 #3

Private equity funds will be leaving shortly empedocles Jun 2020 #4

One trillion $$ for infrastructure and we will talk bailouts later maybe. Baked Potato Jun 2020 #5

Same people who got bailed out the last time they all got suckered Warpy Jun 2020 #6

Shades of 2008. sandensea Jun 2020 #7