Quote:
Originally Posted by kane
It is pretty simple. If your company is about to go bankrupt and you come to me asking for billions in loans to help dig you out of your hole, I can set some conditions of the loan. If I say that I want the CEO that lead you into the downward spiral gone or no loan the company, and that CEO, have a choice. If they want him to stay, then they can get the money elsewhere. Nobody is forcing them to take the money.
He was in trouble before this stipulation ever came into place. There was talk of ousting him after their first appearance before congress a few months ago.
|
A. Its not a loan. The tax payers are never going to see a cent of that money back.
B. We shouldn't be loaning them money in the first place. Free markets correct themselves. Its the most basic of economic principles. Business are supposed to fail.