The comoanies now are worth next to nothing. Lets buy the companies for next to nothing and run them with the current staff. It appears nthat congress is willing to spend 35 billion $ to retain the present dumb jerk COs.
The comoanies now are worth next to nothing. Lets buy the companies for next to nothing and run them with the current staff. It appears nthat congress is willing to spend 35 billion $ to retain the present dumb jerk COs.
true
For all of you free market advocates, study Japan's last financial crisis and you will find out that the U.S. government MUST INTERVENE and that includes the necessity of some bailouts of companies that, in fairness, should have to suffer - the free market will not work us out of this crisis within the next 10 years unless we have intelligent and pervasive intervention with the markets - Japan waited 10 years too long but when the government finally intervened, the markets recovered rather swiftly - I am also a free market advocate but I am convinced there is a time and place for intervention and bailouts and this is the time -
Throwing good money after bad (we've help Detroit before) regardless of who it's for, never gets us anywhere but further and further in debt!! How are we helping when we just keep adding to the problem; the CEO's of everywhere will never reform unless they're put out and even then, because of their greed, it's questionable. Are the id**ts in Washington ever going to understand common sense?? Duhhhhhhhh!!!!!!!
Krugman is a joke! This illustrates the complete irrelevancy of the Nobel Prize. This guy needs to pick up a book by Ludwig von Mises, Henry Hazlitt or Frederic Bastiat and actually learn what caused our current situation and why governments are exacerbating the problem, not solving it.
Stealing tax payer money is never enough for the needs of the rich.
Its never enough.
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