by AD ➕follow (1) 💰tip ignore
Comments 1 - 11 of 11 Search these comments
Which tells me that this isn't for the small to medium fracker firms. This is going to be a bailout of the oil majors who could use a severe trimming themselves. Just wait and watch.
..funded for completely politicized reasons by the Fed. I fully expect more than a few Fed fucks to get nice, cushy jobs in the oil industry when their terms are over because of this.
Time for another juicy false flag, (however, blowing up skyscrapers and blaming it on Arabs is passe), and invade the Middle East again.
Then fuck them they deserve nothing more than losing their 30 million dollar mansions.
Tenpoundbass saysThen fuck them they deserve nothing more than losing their 30 million dollar mansions.
Do you honestly see any CEO's losing their house?
Do you honestly see any CEO's losing their house?
Booger saysDo you honestly see any CEO's losing their house?
Sales of 5M+ houses in TX boom during oil crises. A good oil company exec buys an expensive house, as it can not be taken away if he goes bankrupt as per TX law.
Does that mean one can get a Jumbo Loan on a mansion, then declare a bankruptcy after a job loss, get the mortgage forgiven and keep the house?
“There are a number of companies in this industry, either drillers or service providers, that went into this highly leveraged, and I think they're going to have to pursue other actions in order to restructure their debt,” Kaplan told Yahoo Finance’s “On The Move.”
Kaplan said creditworthy companies that pass lenders’ cash flow tests will be eligible for loans through the Fed’s forthcoming Main Street Lending facility.
“There will be a substantial number of bankruptcies, restructurings that are going to have to happen, because so much of production is being shut in,” Kaplan said.