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Senior Advisor

additional conditions for bailouts

https://twitter.com/sahilkapur/status/1240012636013592581

In addition to Liz's common sense basic 8.

Non-public companies that are larger than the basic definition of a small business (500 employees) would need to be placed in special receivership similar to bankruptcy where a court appointed agent represents the public interest in order to insure competent management and rapid repayment of any loans. That would include full access to 10 years of taxes and financial records.

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4 Replies
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Senior Advisor

Re: additional conditions for bailouts

....because if, heaven forbid, said organization had been run as a criminal racketeering enterprise there would be a fiduciary interest of the taxpayer to be protected.

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Senior Advisor

Re: additional conditions for bailouts

......some of them have even been known to use bankruptcy to strategically shed debts. Some, multiple times.

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Advisor

Re: additional conditions for bailouts

Liz....Ch Senate Finance. 

Katie Porter....Sec. Of Treasury.

Creates  a chance. 

53 or 4 Majority with all but Rand and a couple more across the aisle perpetually nervous would help.

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Senior Advisor

Re: additional conditions for bailouts

No bailouts!!! Tea!!! Freedom!!! Gunz!!!