(04-15-2020, 12:58 PM)The Real Marty Wrote:

(04-15-2020, 12:01 PM)flsprtsgod Wrote: So you're good with the CC companies just booking the revenue? Maybe paying out a nice CEO bonus with it? Maybe those airlines can use to buy back a few billion more shares of their stock? I am not good with giving money to them, but if we are going to do so then they need to use it for the public's good. How would you suggest that e.g. Discover do that so that only financially responsible people like you get the benefit and not those losers who might have charged payroll expenses on it last month when their cash flow dried up?

That's a great question.  My position is, if a CC company is capable of using government bailout money to buy back stock or pay their CEO a bonus, then they don't need the money and they shouldn't get a bailout.  So the first thing they would have to do is prove they are actually going to go bankrupt if they don't get a bailout.  The second thing I would need to see is some sort of analysis of what would happen if they did go bankrupt.  Is it possible to just let them go bankrupt, in other words.  Capitalism ain't beanbag.  Companies have to be allowed to fail.

But what I would not do is tell the credit card company they have to lower their interest rates, because that is giving an unequal benefit, where the people with the most credit card debt get the biggest benefit.