Michael Douglass@thelemmy.club to Ask Lemmy@lemmy.world · 5 days agoWhen I hear of bailout money being used by CEOs to give themselves bonuses, couldn't the government buy the debt and make sure the money is spent the right way?message-squaremessage-square15linkfedilinkarrow-up170arrow-down14file-text
arrow-up166arrow-down1message-squareWhen I hear of bailout money being used by CEOs to give themselves bonuses, couldn't the government buy the debt and make sure the money is spent the right way?Michael Douglass@thelemmy.club to Ask Lemmy@lemmy.world · 5 days agomessage-square15linkfedilinkfile-text
I have absolutely no clue how this stuff works, so forgive me if the question stands on a false premise.
minus-squareFushuan [he/him]@lemmy.blahaj.zonelinkfedilinkarrow-up3·4 days agoWait bailouts aren’t the govt buying debt? I thought the point was for the govt to own part of the bailed company. Wtf.
minus-squareMichael Douglass@thelemmy.clubOPlinkfedilinkarrow-up1·4 days agoIs that what it’s supposed to be? I know nothing of this topic.
minus-squareFushuan [he/him]@lemmy.blahaj.zonelinkfedilinkarrow-up1·3 days agoI know how my country (Spain) does it. They don’t take direction of the company but part of the profits become public funds since the govt is partially owner. No idea how yours does it.
Wait bailouts aren’t the govt buying debt? I thought the point was for the govt to own part of the bailed company. Wtf.
Is that what it’s supposed to be? I know nothing of this topic.
I know how my country (Spain) does it. They don’t take direction of the company but part of the profits become public funds since the govt is partially owner.
No idea how yours does it.