Monday, April 20, 2020

Oversight panelist says big corporations are not constrained on buybacks and executive pay

https://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2020/04/14/the-finance-202-most-corporate-coronavirus-relief-money-has-no-strings-attached-watchdog-warns/5e94beec88e0fa101a761769/

 

“But the rules don't appear to bind big businesses in line to receive the rest of the $4 trillion in taxpayer-backed loans and loan guarantees the Fed will extend using $454 billion that Congress handed it.”

 

Charlie Cooper

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