The former chairman of the NASDAQ bilking his investors with a high tech Ponzi scheme? AIG just now disclosing billions lost in worthless credit default swaps after the government bails them out. And all of the top management is still employed. How can this be worse than just letting these criminals go to jail and letting the morally and financially bankrupt system follow its own natural course. Let the market sort this out and leave my tax money out of it! If the big 3 automakers can't build cars that Americans are willing to buy then let them die. New companies with new and innovative products will replace them. Thank goodness the government didn't subsidize the carriage and buggy whip industry 100 years ago.
2 comments:
Yeah Jody Thanks for subscribing to my blog. You have a pretty awesome one yourself.
Enjoy and thank you
Isn't capitalism all about letting the market decide? And isn't America all about capitalism? No one is subsidizing my need for canned cat food, why should those big ginormous companies get any more of my money. Well, if I had any money that is.
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