US aerospace big Boeing has secured commitments on over $ 12 billion in financing from greater than a dozen banks, the media reported citing individuals accustomed to the matter.
The corporate buys again their very own inventory with low-cost cash from the Federal Reserve, Max Keiser stated on RT’s Keiser Report. The cash which was supposed to assist the struggling agency is actually disenfranchising it. “On the opposite aspect are executives, who’re getting that cash from the Fed instantly into their pocket..,” Keiser notes.
He says “Boeing now’s now not a viable firm,” explaining: “So dangerous actually that even cash at zero % is just not going to assist them recapitalize this rubbish firm now, Boeing, that’s nugatory, primarily it’s bancrupt.”
There are plenty of zombie firms within the S&P 500 which can be like Boeing, he provides. “Executives stole all of the fairness handed by money from the Fed at zero % rates of interest… and now they’re simply this strolling zombie…”
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