'The public, through its political leaders, has unprecedented leverage over corporate America in this crisis. Let’s use it,' writes columnist hiltzikm.
Past bear markets bequeathed us a host of investment maxims .
Let’s be clear what we’re talking about. Mnuchin, in congressional testimony March 11, rejected the term “bailout.” He said, “This is not a bailout. This is considering providing certain things for certain industries.”Airlines must commit to maintaining payroll. It means no bonuses, no buybacks, & no breaking union contracts in bankruptcy. Companies should commit to pay a min $15 wage & board seats for workers.
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