Yes. Then the government would bail out the banks. The executives that authorised those loans would have to leave (with a huge severance) while the politicians who facilitated that rescue would end up on some well-paid advisory board.
The taxpayers, of course, foot the bill. Get a dollar, lose two.
But he doesn’t have that much cash, so where would the money come from? Us or blackrock?
He can give them stock.
And what would that do, the companies don’t make money and the speculative value would disappear. It would just be a worthless price of paper
Yes.
The illusion of wealth granting so much unjustified power would disappear. The spell would be broken. This is called “reality.”
In reality they would still have that power.
Use it as collateral for loans, hand out that money, then disappear so he doesn’t have to pay those loans back
So the banks would pay the money?
Yes. Then the government would bail out the banks. The executives that authorised those loans would have to leave (with a huge severance) while the politicians who facilitated that rescue would end up on some well-paid advisory board.
The taxpayers, of course, foot the bill. Get a dollar, lose two.
This guy gets it
Thanks for the setup ;-)