Yep another hilarious idea to prop up stocks,

I don't think that's fair though. They didn't know a global pandemic was going to wreck the world economy in a matter of weeks.

Imagine that you were doing well for yourself the last 10 years so you decided to make extra payments on your mortgage. Do you think it would be fair that because paid your mortgage down and your neighbors didn't that the government is now going put restrictions on your home...like when you can sell or do renovations or something and not anyone else?

 

Can fully agree with your point.

 

Paying a mortgage is paying off debt.
Buying shares is in order to grab a bigger slice of the cake on dividends from the profits.

 

But they get wiped out every time there is a crisis. Nobody got ever rich buying airlines. And crises happen, unpredictable timing but they happen as matter of fact. Banks are forced to hold reserves, so should airlines and others be held to secure their survival. The biggest sin of pure capitalism is the notion of privatizing gains and socializing losses.

 

This is proof you do not believe in free markets and that it is free markets are the catalysts for progress.

 

It is obvious only to crony capitalists and to socialists, opposite asides to the same coins.

 

Indeed, I thought I made that apparently clear. I believe in regulated capital markets and regulated capitalist models, not a model where we place hopeless trust in corporations doing the right thing when same corporations themselves have one, and only one single goal, to enrich their shareholders.

Fortunately, this destructive mindset is shaken off rapidly around the globe which is why ESG is in such demand at hedge funds, pension funds, and other buy-side firms, those who actually control most of the votes and represent the majority of shareholders. Of course, they are not doing so out of a free will, it is pressure from the ground up that forces change in those financial investment firms.

 

%%
Good points.
Even a down trending/bear market stock like DAL, has good customer service.

 

even if you do everything right sometimes it hails on your crop and rains on your parade...that's the type of world it is. You dont have to like it just need to accept it. Should the US allow companies to go bankrupt over this? Yes. It sucks for them but it is the natural order of things.

 

Carl Icahn did.