Airlines Giving Govt Stock as Collateral for Loans?

Discussion in 'Coronavirus Pandemic Discussions' started by FlamingLib, Apr 14, 2020.

Posts do not contain medical or professional advice. Seek reliable alternate sources to verify information you read in this forum.

  1. FlamingLib

    FlamingLib Well-Known Member

    Joined:
    Sep 27, 2018
    Messages:
    3,903
    Likes Received:
    2,192
    Trophy Points:
    113
    Southwest Airlines said it expects to receive $3.2 billion, including nearly $1 billion as a loan. The airline said it expects to pay back the loan within a decade and is securing the loan with stock warrants.
    https://www.cnn.com/2020/04/14/politics/airlines-payroll-aid/index.html

    So, is the U.S. going to own Southwest stock? That kind of socialism (communism, really) would make Bernie Sanders blush.
     

Share This Page