Discover and read the best of Twitter Threads about #BriberyBailout
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1. Let's see how everyone is doing:
A. American corporations have $1.67 trillion in cash on hand. But they don't like spending it.
B. American family - median - has $11,000 savings. That drops significantly when 401k/SEP savings are removed.
C. Small businesses are strapped...
A. American corporations have $1.67 trillion in cash on hand. But they don't like spending it.
B. American family - median - has $11,000 savings. That drops significantly when 401k/SEP savings are removed.
C. Small businesses are strapped...
2...
...for cash.
D. Giving another half a billion to corporate America is a short-term boost. If customers - the people GOP always forget provide revenue - have little cash, the dole-out to corporations will accomplish little...
...for cash.
D. Giving another half a billion to corporate America is a short-term boost. If customers - the people GOP always forget provide revenue - have little cash, the dole-out to corporations will accomplish little...
3...
E. Corporations that hit a significant cash flow problem have the power to file for Chapter 11 bankruptcy and obtain what is called DIP financing through the financial system to continue operating at largest capacity needed to preserve company....
E. Corporations that hit a significant cash flow problem have the power to file for Chapter 11 bankruptcy and obtain what is called DIP financing through the financial system to continue operating at largest capacity needed to preserve company....
