Mark Cuban: 'Warren Buffett created the template' for US bailouts - Business Insider

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'Warren Buffett created the template': Mark Cuban said US officials should copy the investor's past bailout deals

with American Airlines, Delta Air Lines, Southwest Airlines, and United Airlines last week. It didn't secure preferred stock, but it demanded warrants enabling it to acquire the airlines' shares at a fixed price in the future.

If airline stocks rally, it can execute the warrants to buy the shares at a discount, then sell them for a profit and top up its cash reserves.

By using warrants, the government can deliver aid to struggling corporations and be rewarded for taking the risk. "The whole idea is to make this company whole and to help that company become profitable again and do well, reward their employees, but this gives the American taxpayer a chance to make some money back," Cuban told Swisher.

"It's not that we don't wanna help them but we wanna make it a respectable deal, a fair deal," Cuban added. "That taxpayer money is precious right now, there's not enough of it to go around, so we've gotta do it the right way."that the billionaire investor's deals "absolutely" inspired him to add warrant provisions to both the 2008 relief bill and the one passed last month.

 

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Mark Cuban: 'If people can't afford to buy basic goods, there is no economy''I think a federal minimum wage of $15 is critical,' says Mark Cuban. 'A lot of people might say it puts small businesses at a disadvantage, but the reality is ... then we create a consumer base where people are actually able to afford to buy things.' Thank you and honestly 15.00 0er hour is hard to live off of even with the cost of living. Thank you for understanding and support to raise mim wage “Billionaire business man wants government to implement policies to put potential competitors out of business.” You say as you sit in your posh home with millions of $’s at your disposal. Shut UP!
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