It's great U.S. corporations built up a huge cash reserve from Trump's tax cuts, then spent $1 trillion of it on stock buybacks and are now running into liquidity problems and need a bailout.— Lee Fang (@lhfang) March 16, 2020
It's great U.S. corporations built up a huge cash reserve from Trump's tax cuts, then spent $1 trillion of it on stock buybacks and are now running into liquidity problems and need a bailout.