| numonex said: Corporate bailouts are more or less nationalism. The banks should be left to fail and collapse. The rich bankers should pay their own debts- not tax payers.Who cares much that workers are out of work? These corporates have $50 million salaries plus bonuses for losing money. Tax payers money being wasted on bonuses and salaries that is waste. Let them fail and let the tycoons go and ruin another business due to their incompetence and mismanagement. US is now in a jobless economic recovery. It must pay back its debts with higher taxes on the middle class and workers and lower company taxes. Companies board of directors are family owned business in Corporate America. Nepotism of aristocratic bloodlines dating back to the 18th century control the International Banks and big companies in America and around the world.. |
Actually agree with you on something. GM should of failed also, or found its own funding.
