With populist anger growing in response to Boeing's demands for a taxpayer-funded bailout (or the employees get it) after it spent over $40BN on buybacks making its shareholders and management richer while burying the company and rank and file employees under a record $25BN in debt, many have asked what form the Boeing bailout will take, and whether the US taxpayers will also be entitled to some or all of the upside in the company they will soon be asked to bailout. In other words, will the US get an equity stake?

We got the answer moments ago, when the company's new CEO Dave Calhoun confirmed that the disgraced airplane maker - which until recently was best known for making airplanes that were "designed by clowns, who in turn are supervised by monkeys", at least until it came crawling and demanding a non-recourse bailout -said Boeing does not want the U.S. government to take a stake even as the planemaker seeks assistance to grapple with effects from the new coronavirus.

"I don't have a need for an equity stake," Calhoun said in an interviewTuesday with Fox Business. "I want them to support the credit markets, provide liquidity. Allow us to borrow against our future."