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Planet Money

Buybacks And Bailouts

Planet Money

NPR

Business, News

4.629.8K Ratings

🗓️ 30 April 2020

⏱️ 23 minutes

🧾️ Download transcript

Summary

Over the past decade, American companies spent billions buying back their own shares. Now they need a taxpayer rescue. Do they deserve it? | Subscribe to our weekly newsletter here.

Transcript

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0:00.0

Thanks for listening to Planet Money.

0:02.0

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Please help us out by completing a short anonymous survey at npr.org slash podcast survey,

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0:16.0

That's npr.org slash podcast survey.

0:19.0

This is Planet Money from NPR.

0:23.0

Hello, hey Scott, it's Kenny Malone from Planet Money. How are you?

0:29.0

Give me a second.

0:31.0

Just want to clean the phone for the 50,000th time.

0:36.0

Scott Wapner is a TV host on CNBC.

0:40.0

You know, the Consumer News and Business Channel.

0:43.0

Seriously, CNBC actually stands for Consumer News and Business Channel.

0:48.0

It's true.

0:49.0

And when we called Scott, he was, in fact, at the headquarters of the Consumer News and Business Channel.

0:54.0

That is why you might hear people mumbling about, I don't know, oil futures in the background.

0:58.0

He called Scott because of something that happened on his show a couple of weeks ago.

1:02.0

When I've had a lot of big moments on the show, but this particular clip,

1:07.0

really somehow touched a nerve with people, unlike anything I'd ever seen.

1:12.0

It starts like a normal enough CNBC interview.

1:15.0

And welcome to the half time before I'm Scott Wapner.

1:18.0

So there's Scott Wapner, he's in his anchor chair.

...

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