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by yborg
2234 days ago
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They don't really have to be American, just organized in the US and having "significant US operations." So American Honda, for example, can now be funded by the US government. Since it's an indirect funding facility, these company bond issues can be used for stock buybacks, i.e. executive comp so the taxpayer doesn't just subsidize executive compensation via the capital gains rate, it now can fund it directly. The smart money never wastes a good crisis! |
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