Oh, I get it now. This is how an aspiring Socialist government takes over its countries large corporations. First, create entangling alliances through taxes, tax breaks, lobbyists, and regulations. Second, pass legislation causing them to fail like CRA (Community Reinvestment Act) and penalize them for not enforcing it. Finally, hype the crisis and offer to buy them. Brilliant!
The REAL solution to this mess is to allow the failed corporations to go through the bankruptcy process like the rest of us and then give their Congress a severe spanking.
Thursday, October 2, 2008
Ooooh, I get it now!
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