[snarf21]

Nah, the Fed will bail them out. They are already holding a lot of corporate bond indexes and more will follow. We have a system now where companies were borrowing money at 0% to do buybacks to keep executive compensation rolling. This is one change that must happen. C-suite, VPs and board members should not be allowed to receive compensation based on stock price. It creates a perverse incentive. They should be building strong companies that allow them to stay employed. Give them bonuses based on growth or profits or whatever, just not stock price.