- Joined
- Jul 11, 2003
Had a sunday brunch with my Finance expert at Price Waterhouse, I asked him how does the bailout money get distributed?. The monies will go to the established blue chip companies (think GM) and top financial institutions (think AIG) first. What will happen to the bonusus?. They will be permitted to take the bonuses out of the bailout money. And then what? Hopefully the managers will be able to put the company back in business. Who will manage the companies once they receive the gift of the taxpayer/ The companies will continue to be managed by the same CEOs who brought the company down. What? Who? Apparently there are no others capable of such expertise.
and this is not a depresession? I'm depressed.
and this is not a depresession? I'm depressed.