Will this include Boeing/McDonnell Douglas, Lockheed Martin, Northrop Grumman, General Dynamics???.........they pretty much exist hanging off the public teet.
“Will this include Boeing/McDonnell Douglas, Lockheed Martin, Northrop Grumman, General Dynamics???.........they pretty much exist hanging off the public teet.”
Those companies do business with us on contract for cash. There’s no purchase of preferred or common stock or purchase of any equity whatsoever.
The Wall Street gangs are actually getting cash for nothing as in TARP 1 but with TARP 2 we will actually have an equity stake in the companies, these aren’t contracts. So long as the taxpayers have a majority equity stake in any entity or draft the conditions of loans as the debtor, we have the right to call the shots.