Boeing Is Broke

by Charles Mudede Motortion/gettyimages.com
As predicted, Boeing blew all of its cash (and possibly more) on buybacks and now has to borrow money to stay in business. First, it successfully sold $3.5 billion worth of bonds on Tuesday to investors who are under the impression that the company is a very safe bet. Boeing also opened a $1.5 billion line of credit "with three U.S. banks." No one in the mainstream finance world it seems is at all surprised that a company that spent $20 billion on its