They are a critical part of our infrastructure.
That being said, no more buybacks, they need to have cash set aside precisely in case this happens again (and it will!)
“...they need to have cash set aside precisely in case this happens again (and it will!)”
We all know with the history of flu related deaths worldwide that this situation is not out of the ordinary. Factually better than some years. Outside of banks I don’t know of any business that carries the liquid worth to handled a coup as a vast majority of business run on demand and are not using other people’s worth.
This government coup is there to accomplish two things: one to make people forget the impeachment debacle and it’s stupidity to protect their candidates from discovery, and two, to try to make Trump look bad right before election using the first available thing they can pass on to him without being discovered part of it until after the election when they have to clean it up and admit their errors.
So they are willing to destroy an entire nation financially and get a bunch of people killed for their power needs. (See Pelosi’s bail out bill) And the GOP needs to say that right in the voters’ faces. But they won’t. I read that you should never try to outwit a idiot. They will drag you down to their level and kick your keyster for you. And that’s exactly what the GOP is doing.
rwood