The TARP bailout in 2008 involved buying a ton of stock from troubled companies, but it was sold back to them as soon as they could buy the money back. And this will be the second bailout for a bunch of airlines.
So one of the most interesting ideas I've heard is that we shouldn't nationalize things by fiat, but when TARP-style bailouts happen, the government should just keep the stock, at least for a while. If it really was a one-off crisis, the shares are a good investment. But if it's a failing business, or one paying dividends and then looking for handouts, it's not just a money sink.
The TARP bailout in 2008 involved buying a ton of stock from troubled companies, but it was sold back to them as soon as they could buy the money back. And this will be the second bailout for a bunch of airlines.
So one of the most interesting ideas I've heard is that we shouldn't nationalize things by fiat, but when TARP-style bailouts happen, the government should just keep the stock, at least for a while. If it really was a one-off crisis, the shares are a good investment. But if it's a failing business, or one paying dividends and then looking for handouts, it's not just a money sink.