Does this fall into: "I think reductions, not eliminations, in a number of programs were probably warranted such as USAid, head start, even NIH among others."
I don't think we should be spending over a Billion $ to prop up a failing company and bail out a bunch of banks outside of a wider economic collapse.
What banks?
Its in the second article I posted.
The financial times article?
Oh. You are right. I should have said financial institutions that loaned Cree/Wolfspeed money. But not banks.
And are laying off multiples.
Investors. Not financial institutions. And the investors don’t need bailing out. They hold a secured position. It is the common shareholders that will get screwed, along with some local stakeholders. Don’t know where you came up with bailing out banks.
It fits his conspiratorial, Bo-siding, contrarian mind.
The investors with the financial institutions are very likely to take a haircut as the assets used for the security are not going to be worth what they loaned to Wolfspeed. It won't be as bad as the shareholders but I guarantee that these financial institutions that loaned the company money would have preferred that Wolfspeed got the bailout in the form of tax breaks and grants from the federal government vs receiving the assets that were used to secure the position in a Chapter 11.
Did you even read the links you posted?
Yes
So then you read the following, correct:
The “banks” aren’t losing a penny and weren’t being bailed out at any point in time. The private equity investors will make out just fine. It is the common shareholders that are getting screwed.