Tag: Bailouts

BlackRock Takes Command

Tina Marie (Ms. Cat)

BlackRock Takes Command

BlackRock’s CEO Larry Fink may now be the most powerful man in the world, overseeing not just the Fed’s new (potentially $4.5 trillion) corporate slush-fund, but also managing $27 trillion of the global economy (even before the March appointment). As the world’s largest asset manager, BlackRock already was managing $7 trillion for its global corporate investor-clients, along with another $20 trillion for clients through its financial risk-monitoring software (called Aladdin).

Fool Me Once…..

Tina Marie (Ms. Cat)

Fool Me Once…..

So, what is the answer to this dilemma? Is it simply going out and voting in November, for whom, Twiddle Dum and Twiddle Dee politicians? Well, getting rid of the Trump crew is always a great motivation, but that is where it ends for we working stiffs. Currently, we cannot even rally in public, due to this pandemic. Yet, once the smoke finally clears a bit, we who labor for this empire need to get out and demand from our elected officials that they are supposed to represent us and not the 1/4 of 1 percent. Education of our young is priority one, along with education of the majority of working stiffs who most likely would not even see through the scam of this financial moment. Sad. Fool me twice, shame on ME!!

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Hard Times – Lost on Long Island

Exactly what they want! Lock us down so we CANNOT protest!!

Airlines and Boeing want a bailout but look how much theyve spent on stock buybacks

Tina Marie (Ms. Cat)

Airlines and Boeing want a bailout but look how much theyve spent on stock buybacks

Then again, Berkshire CEO Warren Buffett has shown during down markets that the extra cash can be put to work by scooping up other companies’ shares at low prices, or making special, lucrative preferred-stock deals, such as the one Berkshire did with Goldman Sachs GS-2.01%  during the 2008 financial crisis. Berkshire had $125 billion in cash and short-term investments in U.S. Treasury bills as of Dec. 31.

Nobody could have predicted the coronavirus outbreak, but it is having a tremendous effect on Apple AAPL+2.32% not only because most of its stores are closed, but because iPhones are assembled at Foxconn’s TW:2354+7.14%  factories in China. But Apple has also been criticized for holding too much cash. It had $39.7 billion in cash, plus $67.4 billion in “marketable securities” as of Dec. 28. The extra cash will serve the company well during a massive decline in sales.