That I am doing my MBA would warrant an intelligent commentary from me on economic recession. That I can do, or at least pretend to do by mixing up whatever I’ve read and heard, but I am a simple man. So only thing that occurs to my mind first when companies lobby for bailout packages is this: they didn’t share their profits with public when things were fine and now they want public to pick the tab when they are losing. Clearly, not ethical in my book. Thing is many governments across the world are actually giving out truck loads of money for this including US, UK, Germany and India. I mean, lobbying is fine and all, but somewhere some economist must think that that’s right thing to do. It perhaps is, though it just looks mean to me. Like what it says on this poster (click to enlarge and read all the way).
Thursday, January 15, 2009
Bailouts
That I am doing my MBA would warrant an intelligent commentary from me on economic recession. That I can do, or at least pretend to do by mixing up whatever I’ve read and heard, but I am a simple man. So only thing that occurs to my mind first when companies lobby for bailout packages is this: they didn’t share their profits with public when things were fine and now they want public to pick the tab when they are losing. Clearly, not ethical in my book. Thing is many governments across the world are actually giving out truck loads of money for this including US, UK, Germany and India. I mean, lobbying is fine and all, but somewhere some economist must think that that’s right thing to do. It perhaps is, though it just looks mean to me. Like what it says on this poster (click to enlarge and read all the way).