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1. On the airlines. I’ve been in several airlines bankrutcies. I’ve represtened a hedge fund. When I was young, I used to joust with my older sister, AA Gen Counsel, about airline regulation. She was against it & when they deregulated was ecstatic. I said it would bring chaos.
2. If we bail them out we need to take convertible debt. We can submit the airlines to federal regulation. And stability. Take care of our airline employees.
3. The model I would percieve when stabilized airlines return to the private sector would be like investing in utilities. Not exciting for investors. But better for the flying public. Safe comfortable and reliable transportation. @JoeBiden @SenSanders @SpeakerPelosi
4. And we can sell our position to fund high-speed rail from sea to shining sea. 😎
5. You could do similar thing with fossil fuel if it starts to tank. If we spur demand we can clear out durables especially cars inventories and put out brush fires. @stevenmnuchin1
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