Yes. I’m a bit new to the subject but a bond isn’t stock, so the fed holds corporate debt temporarily until the bond expires, at which point the corporation pays it back with interest. How does this equate to nationalizing the economy?
Technically we did have a say via our representative government, but I get what you’re saying. They don’t really represent us plebs anymore and haven’t for some time. And yes, bad business practices should mean failure but not for the corporate socialists of America. They’re the real “protected class”, while most regular people think they’re lucky to at least get a trickle here and there.
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gramman74 ago
Did they just nationalize of the economy
NavigatorFlight ago
Yup.
Outstretched_Bill ago
Yes. I’m a bit new to the subject but a bond isn’t stock, so the fed holds corporate debt temporarily until the bond expires, at which point the corporation pays it back with interest. How does this equate to nationalizing the economy?
NavigatorFlight ago
You have no say in the matter and your tax dollars are stolen to do it.
The bonds are used to prop up already bad businesses with a very low chance of success. Might as well just light the money on fire.
Outstretched_Bill ago
Technically we did have a say via our representative government, but I get what you’re saying. They don’t really represent us plebs anymore and haven’t for some time. And yes, bad business practices should mean failure but not for the corporate socialists of America. They’re the real “protected class”, while most regular people think they’re lucky to at least get a trickle here and there.