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IPFS News Link • Business/ Commerce

A Problem Emerges: Lawmakers Balk At Boeing Bailout, Compare It To AIG

• https://www.zerohedge.com, by Tyler Durden

According to CNBC's Kayla Tausche, the White House will need to make an "extremely compelling case" to change minds.

Having sparked public outrage after demanding politely asking for a $60 billion bailout earlier this week after repurchasing tens of billions of its own shares over the past decade...

... resulting in record corporate leverage...

... leverage which now means the company is on the verge of collapse as cash flows grind to a halt, but more importantly which funded record management equity-linked bonuses and spawned some very rich shareholders, at least until this month, Boeing has finally decided to "punish" its shareholders and according to the WSJ, the aerospace giant is now considering cutting its dividend as well as launching mass layoffs at its jetliner plants, as America's largest manufacturer grapples with an unprecedented disruption to the global airline industry.


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