Thursday, April 30, 2020

The billionaire's daisy chain

I see where Boeing just sold a $25b bond issue.

Who in their right mind would subscribe to a bond issued by a company that for all intents and purposes has been deep-sixed by the greed and stupidity of a management clique that has vastly enriched themselves while running the company into the ground?

But wait a minute. All those bond-buyers are going to turn around and sell those bonds to Larry Fink, to whom the entire operation of the US economy has been outsourced.

Looks to me like there's an infinite lifeline for the corrupt and incompetent greedbags in the corner offices, and the rest of us can fight for the hind teat.



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