Democratic Primaries
Related: About this forumprimary today, I would vote for: Joe Biden
dalton99a
(84,311 posts)primary today, I would vote for: Joe Biden
Claustrum
(5,052 posts)But I feel like one year is not nearly enough. They could stash their profits and wait.
primary today, I would vote for: Joe Biden
stash them in Ireland or any number of tax havens.
primary today, I would vote for: Joe Biden
Tom Rinaldo
(23,012 posts)As general guidance for responsible "corporate citizens" (remember, Corporations Are People Too!) a one year only moratorium on stock buy backs for corporations that accept Billions of dollars in pending government bailouts would be woefully inadequate, verging on should be criminal. Given that this is now a hot topic of political debate inside of Congress, I hope Biden clarifies his remarks to state that conditions for accepting government bailouts must be much stronger than this proposed standard for ordinary good business practice in the time of a national emergency.
primary today, I would vote for: Joe Biden
duforsure
(11,885 posts)Including all their family members fill out forms showing all stock transactions for the last two years, including trump and all of his family including the younger son. Trumps used numerous others in his family for his schemes including his brother and sister . Pence too, he's corrupt and a liar too.
primary today, I would vote for: Joe Biden
William769
(55,830 posts)primary today, I would vote for: Joe Biden
yaesu
(8,237 posts)primary today, I would vote for: Undecided
AtheistCrusader
(33,982 posts)another stock buyback, and you've got a winner.
primary today, I would vote for: Joe Biden
oldsoftie
(13,538 posts)Buying now will help calm investors. If i see the top people of Cracker Barrel are loading up at these prices, that tells me they believe the company will come back
BUT if they take govt money NONE of that should be allowed to be used for company buybacks.
primary today, I would vote for: Joe Biden
Mad Lib
(86 posts)There should be no buy-backs, executive bonuses, or golden parachutes until the bail-out is paid back in full with interest. When the hell will we learn our lesson?
primary today, I would vote for: Joe Biden
lutherj
(2,658 posts)should be made illegal again.
Come on Joe, step up to the plate.
https://investorplace.com/2019/06/7-reasons-stock-buybacks-should-be-illegal/
primary today, I would vote for: Joe Biden
marble falls
(62,106 posts)and then buy the panic sell offs. if its not done in a time of emergency, there's no problem with it.
primary today, I would vote for: Joe Biden
lutherj
(2,658 posts)primary today, I would vote for: Joe Biden
AllaN01Bear
(23,057 posts)primary today, I would vote for: Undecided
AlexSFCA
(6,270 posts)she needs to work with Warren on this
primary today, I would vote for: Joe Biden
marble falls
(62,106 posts)primary today, I would vote for: Joe Biden
TheFarseer
(9,497 posts)Not for a year. Not for ever.
primary today, I would vote for: Undecided
marble falls
(62,106 posts)can't sell it back to you if your price is better than the market price???
primary today, I would vote for: Joe Biden
TheFarseer
(9,497 posts)and then come looking for a bailout. It artificially creates scarcity in stocks by reducing supply for investors. Stock buybacks were not allowed until Reagan changed the rules. Sears basically set Billions of dollars on fire with buybacks and then declared bankruptcy so stopping buybacks would be saving some of them from themselves. Buying back in a good economy at inflated prices was a huge mistake for Sears and apparently many others like Carnival Cruise, McDonalds etc.
primary today, I would vote for: Undecided
peaverok
(10 posts)So bold! What a tremendous stand! What integrity! /s
primary today, I would vote for: Undecided
marble falls
(62,106 posts)primary today, I would vote for: Joe Biden
marble falls
(62,106 posts)primary today, I would vote for: Joe Biden
BidenBacker
(1,089 posts)https://www.marketwatch.com/story/airlines-and-boeing-want-a-bailout-but-look-how-much-theyve-spent-on-stock-buybacks-2020-03-18
The airlines are screaming they need $50 billion in immediate bailouts to stay afloat. Guess how much of their free cash flow (at least partially fueled by the Trump/GOP corporate tax cuts) they spent in stock buybacks the last coupla years?
$47 billion.
Boeing is also begging for another $60 billion. How much did they plow into their stock instead of using their tax cuts on capital investments or giving their workers raises and increased benefits or just socking it away for a rainy day?
$43 billion.
Fuck 'em...when we take our next vacation after it's safe to go back outside circa 2025, we'll just drive. Greedy bastards. Fed up with this bullshit.
primary today, I would vote for: Joe Biden