Earlier today on CNBC the author of the Black Swan, Nassim Taleb was asked if he thought the government handouts to corporate entities was moral? Taleb doesn't think so and many seem to agree. Why is the government handing cash to billion dollar companies that have recently spent billions to enrich shareholders. An example being Booking.com which over the past three years has used $16 billion in cash to buy its own shares to the benefit of the shareholders. Cash that would have been invaluable during a downturn such as this.
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