Quote:
Originally Posted by Azure
The whole stimulus bill has good politics/bad idea written all over it.
In fact, everything that has something to do with a bailout can be referred to like that.
I wonder if the US remembers what they told Korea to do in the 90's.
|
Well the bailout IS the correct thing to do. Liquidity must be freed up, and it is the only realistic way to do it. But attaching strings like this to the funds are a good way to ensure the companies in trouble can't do what they need to do to get out of trouble.
I agree with everyone that the guys who caused the problem shouldn't be rewarded. But this measure penalizes the company into the future. Even if the shareholders do fire all the individuals responsible for getting them into this mess, who are they going to hire to replace them when the wage being offered isn't competitive?
__________________
"The problem with any ideology is that it gives the answer before you look at the evidence."
—Bill Clinton
"The greatest obstacle to discovery is not ignorance--it is the illusion of knowledge."
—Daniel J. Boorstin, historian, former Librarian of Congress
"But the Senator, while insisting he was not intoxicated, could not explain his nudity"
—WKRP in Cincinatti
|