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Airlines Giving Govt Stock as Collateral for Loans?

Discussion in 'Coronavirus Pandemic Discussions' started by FlamingLib, Apr 14, 2020.

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  1. FlamingLib

    FlamingLib Well-Known Member

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    Southwest Airlines said it expects to receive $3.2 billion, including nearly $1 billion as a loan. The airline said it expects to pay back the loan within a decade and is securing the loan with stock warrants.
    https://www.cnn.com/2020/04/14/politics/airlines-payroll-aid/index.html

    So, is the U.S. going to own Southwest stock? That kind of socialism (communism, really) would make Bernie Sanders blush.
     
    FlamingLib, Apr 14, 2020
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