Sunday, February 8, 2009
Bailouts
First I would make it very clear that I think that companies should only have good thorough reasons for the reason that they are asking for bailouts and the bailout money should be monitored by government officials. I think that instead of bailouts, the government should make loans.
I think this would help because of the simple fact that the corporations would not want to pay interest on the loans it would be too much of a hassle to pay the government back. Another reason is because it seems that when they ask for bailouts they always spend the money of parties, executive raises, etc. So they would actually have to use the money for actually bailing out their company. Some evidence of bailouts gone wrong is the instance where the CEO of Merrill Lynch asked for a bailout and then shortly after, used about $1.22 million to refurnish his office.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment