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Should governments ever bail out private corporations facing bankruptcy?
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Bluesmama
Alan Smithee
Chris
7 posters
Governments bailouts
Chris- Chamber Admin.
Join date : 2010-01-30
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Alan Smithee- ...is a 20G Chamber DIETY.
Join date : 2010-09-03
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Generally no but it's a tough call if their failure will throw many people out of work or if they're in pention fund portfolios. Never mind there better be strings attached to the high paid executives. There better be chains.
Bluesmama- …is a Power Member.
Join date : 2011-07-09
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NO!
Tony Marino- …is a Global Moderator.
Join date : 2010-01-31
Location : New York
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NO!
Nystyle709- ...is a 20G Chamber DIETY.
Join date : 2010-03-16
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Depends. I think the government was right in bailing out AIG. That affected too many people. But an oil company or a bank I'm less forgiving.
Impact- …is a Power Member.
Join date : 2010-01-31
Location : Rochester, MN
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If that company has had a history of stimulating the national economy to a significant (near vital) degree, then I'm in favor of them. Government bailouts are something that needs to be heavily scrutinized however and not dealt like skittles.
Shale- ...is a Chamber Royal.
Join date : 2010-09-27
Location : Miami Beach
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No! Fuck that "they are too big to fail" shit. Either we have blatant cut-throat capitalism or we go with some kind of socialism that protects the 99%.
I'm still pissed at bailing out the corporations whose greed put us into this 'recession' (which still could be a depression).
They bailed out the banks which still gave their execs inflated 'bonuses' for fucking up the economy, while the banks that were kept solvent with OUR money, still processed foreclosures on OUR homes. They should have bailed out the mortgage payers directly, then the banks woulda got their money and the ppl still had their homes.
I'm still pissed at bailing out the corporations whose greed put us into this 'recession' (which still could be a depression).
They bailed out the banks which still gave their execs inflated 'bonuses' for fucking up the economy, while the banks that were kept solvent with OUR money, still processed foreclosures on OUR homes. They should have bailed out the mortgage payers directly, then the banks woulda got their money and the ppl still had their homes.
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