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koods
Ribbit



Registered: 05/26/11
Posts: 106,313
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Stock buybacks remove those shares from the market. They are destroyed and the number of outstanding shares is reduced. If the company needed to raise money selling shares they would need a new public offering.
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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qman
Stranger

Registered: 12/06/06
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Quote:
christopera said: Can't they sell of stock to generate the capital they need to continue? I thought that was the point of selling stocks in the first place.
In Canada the banks are deferring mortgage payments for 6 months. Now that would help! I doubt we will see that in the states.
Why dilute your shares with stock issuance when your government can give you free money?
The CEO's and executives got rich from borrowing trillions of dollars to buy back overvalued shares. Now that everything is going to shit, they don't want to deal with their irresponsibility. The Banksters on Wall Street never lose, only the peasants take the hit.
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Kryptos
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Re: The Federal Reserve [Re: qman] 2
#26542795 - 03/18/20 02:31 PM (3 years, 10 months ago) |
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Quote:
qman said: What's really disgusting is all of these industries that now need Federal bailouts (free money) pissed away trillions of dollars the past ten years on share buybacks. Now they have almost zero cash and trillions of debt. So what's the reward for irresponsible corporate behavior? Free money in the form of government bailouts!!!
Is it trickling down yet? I was promised that the Republican Tax Scam was gonna trickle down onto me!
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feldman114
Stragler


Registered: 09/06/19
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Re: The Federal Reserve [Re: Kryptos]
#26542806 - 03/18/20 02:39 PM (3 years, 10 months ago) |
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Yesss Just close your eyes and open your mouth
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qman
Stranger

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Re: The Federal Reserve [Re: feldman114] 1
#26543534 - 03/18/20 09:23 PM (3 years, 10 months ago) |
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Kryptos
Stranger

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Re: The Federal Reserve [Re: qman]
#26544945 - 03/19/20 02:55 PM (3 years, 10 months ago) |
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You know what we should try?
We should try cutting taxes on corporations and raising taxes on the working class.
That should work beautifully.
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feldman114
Stragler


Registered: 09/06/19
Posts: 3,365
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Re: The Federal Reserve [Re: Kryptos]
#26544949 - 03/19/20 02:57 PM (3 years, 10 months ago) |
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We’ll find out how well it works soon enough, I’m sure
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koods
Ribbit



Registered: 05/26/11
Posts: 106,313
Loc: Maryland/DC Burbs
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Re: The Federal Reserve [Re: qman] 1
#26545019 - 03/19/20 03:27 PM (3 years, 10 months ago) |
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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Kryptos
Stranger

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Re: The Federal Reserve [Re: koods]
#26545089 - 03/19/20 04:12 PM (3 years, 10 months ago) |
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Called it.
https://www.nytimes.com/2020/03/19/world/coronavirus-update-cases.html
Quote:
Senate Republicans on Thursday unveiled an economic rescue plan that would provide hundreds of billions of dollars worth of loans to big corporations and small businesses, large corporate tax cuts and checks of $1,200 for taxpayers, as well as limits on a paid leave program enacted this week to respond to the coronavirus crisis.
Senator Mitch McConnell of Kentucky, the majority leader, introduced the proposal after private talks with Republicans and the White House, but it is likely to face opposition from Democrats who have their own plans and have pushed for more generous paid leave benefits.
The 247-page bill would provide the $1,200 payments to those earning up to $75,000 a year, phasing out the payments for higher earners and limiting them to those who earn up to $99,000.
I don't even get paid. But there will be large corporate tax cuts again! And they think we Americans are getting a little too much sick leave, and need to get back to work.
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qman
Stranger

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Re: The Federal Reserve [Re: Kryptos] 1
#26545184 - 03/19/20 05:14 PM (3 years, 10 months ago) |
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Quote:
Kryptos said: You know what we should try?
We should try cutting taxes on corporations and raising taxes on the working class.
That should work beautifully.
Just wait, this is the perfect excuse to start fiscal austerity by making major spending cuts in SS, Medicare and other social programs.
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Kryptos
Stranger

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Re: The Federal Reserve [Re: qman] 2
#26545200 - 03/19/20 05:23 PM (3 years, 10 months ago) |
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christopera
Stranger


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Re: The Federal Reserve [Re: Kryptos]
#26545274 - 03/19/20 06:04 PM (3 years, 10 months ago) |
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#winning
-------------------- Enjoy the process of your search without succumbing to the pressure of the result. A Dorito is pizza, change my mind. Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things I’m sorry it had to be me.
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Brian Jones
Club 27



Registered: 12/18/12
Posts: 12,362
Loc: attending Snake Church
Last seen: 3 minutes, 2 seconds
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Re: The Federal Reserve [Re: qman]
#26545978 - 03/20/20 07:12 AM (3 years, 10 months ago) |
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Quote:
qman said:
Quote:
Kryptos said: You know what we should try?
We should try cutting taxes on corporations and raising taxes on the working class.
That should work beautifully.
Just wait, this is the perfect excuse to start fiscal austerity by making major spending cuts in SS, Medicare and other social programs.
Some will definitely try. Whether they can get away with it is uncertain. I think the peasants may be getting angry enough to stop it. Maybe.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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Kryptos
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What pressure?
These guys are in safe districts. They aren't under pressure. If the peasants get too uppity, there are always airstrikes.
Like the ones we dropped in Iraq yesterday.
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Brian Jones
Club 27



Registered: 12/18/12
Posts: 12,362
Loc: attending Snake Church
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Re: The Federal Reserve [Re: Kryptos]
#26546006 - 03/20/20 07:29 AM (3 years, 10 months ago) |
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Some elites live in safe districts, gated communities etc. But a lot of them like to live in swanky areas downtown and are very close to the poor.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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Kryptos
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I think we're talking about two different aspects here. When I say "safe districts" I mean politically safe. They won't get voted out. A good third of Congress could probably drive down the street and machine gun their constituents, like that warlord's kid in "Lord of War" and still get re-elected.
In terms of location and physical safety, we've already seen that the more money you have the faster you get tested, so I don't see why treatment would be any different. Wealthy go first. Further, swanky downtown buildings tend to have higher end private security.
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MycoBrainz
Mycotic



Registered: 03/14/15
Posts: 616
Loc: West Coast
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Re: The Federal Reserve [Re: Kryptos]
#26546023 - 03/20/20 07:39 AM (3 years, 10 months ago) |
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Time to refinance all your loans.
Covid19 does not discriminate.
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PFC x Creeper Lets Get Stoned
Edited by MycoBrainz (03/20/20 07:40 AM)
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Kryptos
Stranger

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Re: The Federal Reserve [Re: MycoBrainz]
#26546047 - 03/20/20 08:00 AM (3 years, 10 months ago) |
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I talked to my financial guy about that yesterday, and he actually suggested waiting a week or two to refinance. Everybody and their dog is trying to refinance right now, which is pushing interest rates up for the common consumer.
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qman
Stranger

Registered: 12/06/06
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Quote:
Brian Jones said:
Quote:
qman said:
Quote:
Kryptos said: You know what we should try?
We should try cutting taxes on corporations and raising taxes on the working class.
That should work beautifully.
Just wait, this is the perfect excuse to start fiscal austerity by making major spending cuts in SS, Medicare and other social programs.
Some will definitely try. Whether they can get away with it is uncertain. I think the peasants may be getting angry enough to stop it. Maybe.
If I was part of The Elite, I wouldn't hesitate at all to make those cuts. The US population is full of politically unmotivated sheep. They take whatever abuse that is thrown at them and rationalize it. Until people are willing to protest on the streets, they deserve exactly what is coming their way.
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feldman114
Stragler


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Re: The Federal Reserve [Re: qman] 1
#26546092 - 03/20/20 08:20 AM (3 years, 10 months ago) |
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Idk about “deserve” but you’re right, we won’t get any real change unless we usher it in ourselves.
True socialism must be started from the bottom. The idea is to have a revolution which, by its very nature, teaches the masses how to navigate policy and effectively govern themselves.
The system must be put in place by the masses, not the elite. Only then can it be a system that won’t be used against the masses later.
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