I would like to give shares in my company to the fed for a zero interest loan. I will keep creating shares every month. $3million worth. Thank you.
fuuuu....is this effective immediately? Is it for already owned shares or can companies keep buying as many they want? Are the bears done after this?
well nothing really changed.. Fed is a consortium of private banks... the member banks have always been buying stocks.
Um... Do I really need to point out that Starbucks isn't a primary dealer and therefore can't avail itself if the aptly named "Primary Dealer Credit Facility", nor could they realistically become one? Just to start to point out the idiocy of the referred to post.
So every company can now buy back 100% of its stock in interest free money essentially. (Buy back 1%, use as collateral for interest free loan, buy another 1%, use as collateral for interest free loan, rinse and repeat and then go private) Maybe its fate that TSLA closed around the $420 range today.