The Difference Between TARP and TALF [View article]
We've come a long way from junk bonds to junk industries - banking, insurance and financial services. We need to give up control of these poorly managed companies to foreigners with the reserves to buy them up (if we can persuade them to buy). Perhaps they can improve management at all levels by removing the existing regimes and starting with a fresh set of agendas.
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We've come a long way from junk bonds to junk industries - banking, insurance and financial services. We need to give up control of these poorly managed companies to foreigners with the reserves to buy them up (if we can persuade them to buy). Perhaps they can improve management at all levels by removing the existing regimes and starting with a fresh set of agendas.
Nov 30 14:01 pm
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