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  • Chrysler's Bankruptcy: Historic Changes for Markets? [View article]
    People who want to see the free enterprise system flourish know that bankrupt corporations, should be allowed to go bankrupt.

    It's rule number one of efficient markets.

    But once the government 'saves' and then owns AIG, BofA, Chrysler or any other corporation, why shouldn't the government control it?

    And who, in the end, can stop the government from controlling what it owns?

    Anyone who buys 51% of a company's stock expects to control the company. It's the way the game is played.

    To survive, these corporations have made a Faustian bargain with the devil, who is We the People, and once a corporation gets in bed with We the People, they shouldn't expect their corporate dreams of wealth and power to last.

    Until they are re-privatized that is.

    These are lessons from Europe but America doesn't even know there is a classroom.

    It will be a bumpy ride.
    May 01 11:43 am |Rating: +2 0 |Link to Comment
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