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Corporate bailouts
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| Krypton |
If a corporation requests a bail out from the government, then that corporation should be nationalized up to the amount of the bailout. That's right...Freddie, Fannie, Bear Sterns, would all be nationalized up to the amount of the equity risk taken on by the government, if I were in charge. I'm tired of these companies privatizing profits while socializing losses. If they fail, they know they don't have to worry bankruptcy, the federal reserve will be there to save the day. That's a small business owner's dream.
Any company which requires government funds should be owned by the government. |
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| Capitalizt |
| We are beyond the point of no return with this government/corporate marriage. It's a soft form of fascism that will only get worse with time in my opinion. There seems to be a general consensus that most big companies are "too big to fail", and the government should step in to prevent a collapse at any large institution. It is practically illegal for any big business to go bankrupt these days because politicians think the repercussions for employees and shareholders will be too severe. Taxpayers are now to guarantee that nobody fails in America from here on out. This is not capitalism. It's a disgusting fascist/socialist hybrid that both parties are embracing. |
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| The17sss |
| quote: | Originally posted by Capitalizt
This is not capitalism. It's a disgusting fascist/socialist hybrid that both parties are embracing. |
Nail on the head. It's sickening. People/companines need to be responsible for their poor decisions. |
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| LatinLover |
| Goverment should never intervene in the market place. |
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| Krypton |
| quote: | Originally posted by LatinLover
Goverment should never intervene in the market place. |
Then the market place should never come to the government on their hands and knees begging for a bailout...You can't have it both ways... |
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| pkcRAISTLIN |
| quote: | Originally posted by LatinLover
Goverment should never intervene in the market place. |
:stongue:
what a load of nonsense. |
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| robstar |
| quote: | Originally posted by pkcRAISTLIN
:stongue:
what a load of nonsense. |
So you are in favor of these bailouts?
;) |
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| pkcRAISTLIN |
| quote: | Originally posted by robstar
So you are in favor of these bailouts?
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I lack the necesssaries to make an informed decision on that particular topic. I just wanted to point out that attitudes like "Goverment should never intervene in the market place" displays a fundamental lack of understanding of the market.
I normally favour market over government intervention, but that is not to say that it is sometimes necessary. The idea that the market can manage everything on its own is exactly the same concept as the government can fix everything by itself.
We have mixed economies for a reason. |
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| robstar |
Yes, the politicans are afraid or to power hungry to let go. :gsmile:
I belive that government is like that imported animal that seriously disrupts the ecosystem of society when let loose into the wild. Some do alot of damage, others not so much but they still intervene and cause trouble. |
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| Krypton |
| quote: | Originally posted by robstar
Yes, the politicans are afraid or to power hungry to let go. :gsmile:
I belive that government is like that imported animal that seriously disrupts the ecosystem of society when let loose into the wild. Some do alot of damage, others not so much but they still intervene and cause trouble. |
In that case, why have a central bank? |
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| robstar |
| You are asking the wrong guy, I'm wondering the same thing. |
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| Krypton |
| quote: | Originally posted by robstar
You are asking the wrong guy, I'm wondering the same thing. |
A market left on its own is like a city without traffic laws. The fast cars and giant pickup trucks are going to take advantage of the lack of traffic laws, and people will get hurt. IN the financial system, there must be some sort of government oversight, to prevent a chaos which could ultimately lead to systemic collapse of the entire economy. If the Great Depression has taught us anything, it is the need to protect the economy from the few who would take advantage of the many. |
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