Quote:
Originally Posted by Bobblehead
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?
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Well, I agree with you for the most part, especially regarding the last paragraph.
But a lot of this 'bailout' money is being as a political leverage to gain political points. Just look at the proposed stimulus bill. A lot of money being thrown away for 'nothing.'