No, I'm not declaring bankruptcy. I would never encourage any private citizen to do so. However, this article suggests that the current financial crisis would be best solved if those companies who are in trouble did declare bankruptcy.
The other day, the US House voted down the bailout package, which, in my opinion, was the right thing to do. Now, however, our political leaders are all pushing again to get another version of the bill to pass. It appears to me that they're taking a barrel of pork, trying to add enough lipstick to the pigs so that they will look like supermodels.
If they would let the inevitable happen, it might hurt at first but in the end it would be less painful than if they keep messing around and make the problem worse.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment