Liberal Minority Government 2025 - ???

[Eaglelord17]

I'd be more interested in exploring the Fed's taking on an equity stake within the companies on a go-forward basis.

You want us to give you 500$ million in cash, ok based on the closing price of your stock on Day X we are buying Y number of shares and we now own Z % of the company. We have the ability to convert our shares in the future (between time period A and B) on the open market or provide the company first right of refusal to purchase the shares based on market prices back into cash.

We did that previously with both GM and Daimler-Chrysler back in 2008/09 during the 'Great' Recession.

Another part they don’t mention is the carbon tax is killing the company. When I started they said the amount paid was around 100 million a year and it has only gone up since then.

These electric furnaces use 70% less carbon emissions (though we have to buy the steel from elsewhere first to remelt) which means a substantial reduction in carbon tax paid.

When you think about it a lot of the loan is simply getting back a large chunk of taxes I don’t believe they should have been paying in the first place (essentially subsidizing the competition).

I am not against the government getting some collateral, however they also shouldn’t be a large part of why the company is struggling.