(04-15-2020, 10:01 AM)flsprtsgod Wrote:

(04-15-2020, 09:22 AM)The Real Marty Wrote: TRM has always stated that he is a capitalist.

But are you a Crony Capitalist? That's what those who support corporations getting public money that they don't pass back through to the consumer are. I have zero issues with the Feds mandating specific behaviors for those companies that choose to take the money, though I do not support the Fed forcing companies to take the money. If they get in bed with the Feds then the Feds should be ensuring that the public money benefits the public. I think you would agree.

That sounds like back-door nationalization to me.  If the federal government forces a business to close, then offers bailout money, but only if the company operates in a way prescribed by the federal government, haven't they basically nationalized that company?  

[It's also ironic that people who support widespread deregulation now want to impose a whole bunch of regulations on these companies.]  

So it sounds like you think that if the government bails out a company, they should take the opportunity to take control over it.  Otherwise, they can go out of business.  Is that your position?

And I would add, if the government forces the CC companies to lower their interest rates in order to accept a bailout, then the government is using my tax money to subsidize someone else's credit card debt.   I don't want to subsidize someone else's irresponsibility.

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