Not sure why this is downvoted. Crony capitalism needs these events to redirect more money to the beneficiaries.
All hidden losses from the past 4 years will be booked in the Coronavirus quarter and then it is bailout time again.
All hidden losses from the past 4 years will be booked in the Coronavirus quarter and then it is bailout time again.
Other countries will also follow suite. But it's good to see that countries like Australia are doing cash injections the right way. In the Australia, they did a much smaller AUD $17 billion cash injection but they gave money to senior citizens instead of big financial institutions.
Welfare is meant for the poor and vulnerable, not for the rich.