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Old 03-18-2020 | 11:55 PM
  #38  
Probe
Don't say Guppy
 
Joined: Dec 2010
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From: Guppy driver
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If I were the government I would not provide funding or loans to any company without instant, non-negotiated compensation changes for executives and highly compensated employees. Companies that bought back their own shares instead of making the company healthier would have to surrender those shares to the Treasury in exchange for funding, and they only get them back if they can pay the Treasury back.

No negotiations. Take it or leave it. "No" means Chapter 11 at a minimum, probably Chapter 7 because no lender would provide DIP financing in these circumstances.

Just like when we declare an emergency in an airplane, the country has declared an emergency. They will do what they need to do to survive as a society.

I would expect it before the middle of next week.
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