Leave a comment

Comments 2

kitten_goddess March 24 2009, 22:28:02 UTC
If they beg for government money, they have to expect the government to want a greater stake. Beggars can't be choosers.

Reply

scareypete March 26 2009, 14:21:46 UTC
ok First off... If they beg for Gov't Money, They Shouldn't have gotten it.

Second .... Not every financial company Got Gov't Money

Third ... Some Financial Agencies were forced to take the money even though they refused it Knowing what would happen to them if they took it.

SO all those institutes in the second and third categories are in jeopardy because of this proposed legislation. The Bail Outs were simply a Hostile Take over of Private industry by the Gov't. They Threatened Nationalization during the campaign Investors got out early so they wouldn't lose out. That was a whisper campaign to drive down stock prices. Then They offer A loan that will not be repaid to help the struggling companies. Which is no different than buying controlling interest in stocks.

Reply


Leave a comment

Up