Too Big to Fail? -- Maybe just TOO BIG

[Guest]

Something that has occurred to me recently is with regards the "Too Big to Fail" statement we hear all the time.

Perhaps if they're "Too Big to Fail" they're just TOO DAMN BIG, period. For years corporations and banks have been on an empire building spree that hasn't stopped and has resulted in huge, impersonal corporations, crappy products and lousy customer service while providing the Big-wigs with unconscionable salaries.

Now we're being told they're too big to fail so we need to save the mediocrity.

As I am an avowed capitalist, I am distressed at the thought of government control over business size, etc., but there should be limits on mergers that result in making the competitive field too narrow. It is that competition that keeps business people keen. I thought the anti-trust laws were intended to prevent this but they've obviously been winked at in recent years along with a lot of other stuff.

Too much of any type of business concentrated under one "roof" is not a good thing.

[Guest]

Did I hear you say Microsoft?

[Guest]

the old saying was - - -

"What's good for General Motors is good for America"

[Guest]

If we taxpayers bail them out we should have the same "overstuffed benefits packages" management AND labor have. Then we could say "what's good for GM is good for america and the taxpayers". Then the saying would have relevant meaning.

[Guest]

their company needs to go into bankruptcy. In Chapter 11 they will be held accountable to the courts how to reorganize and recover to profitability.
If they are given a "bail out" from the government they are accountable to no one to accomplish anything other than continuation of the business and leadership that brought them to this point in the first place.

Ford's CEO having been paid $22 million last year!!!! He lives in Seattle, WA...the company provides he and his wife a private jet in which the commute to and from Detroit to Seattle.

GM has 13 corporate jets that are used daily by their executives....first class commercial isn't good enough!

What will be different with these companies after being given a free handout? Absolutely nothing!!!

The airlines had to go into bankruptcy to survive....let the auto industry do like wise.

The connectivity between these CEO's and the needs of their company are about the same as the connection between our lawmakers in Washington and the needs of the people....non existent.

Talk about change is just that....TALK!!!!!!!!!!!

BTK

[Guest]

Did I hear you say Microsoft?

Is Microsoft BEGGING for a bailout (handout from the tax payers) ?

[Guest]

They already got it when the U.S. withdrew antitrust action from that bloated, overfed pig of a company.

[Guest]

All of these bail-me-out demands are sort of like a paraphrase of the J.G. Wentworth commercial:

- It's your money, and I want it now! ! ! -

This is funny, stupid and pathetic, all at the same time.

[Guest]

their company needs to go into bankruptcy. In Chapter 11 they will be held accountable to the courts how to reorganize and recover to profitability.
If they are given a "bail out" from the government they are accountable to no one to accomplish anything other than continuation of the business and leadership that brought them to this point in the first place.

Ford's CEO having been paid $22 million last year!!!! He lives in Seattle, WA...the company provides he and his wife a private jet in which the commute to and from Detroit to Seattle.

GM has 13 corporate jets that are used daily by their executives....first class commercial isn't good enough!

What will be different with these companies after being given a free handout? Absolutely nothing!!!

The airlines had to go into bankruptcy to survive....let the auto industry do like wise.

The connectivity between these CEO's and the needs of their company are about the same as the connection between our lawmakers in Washington and the needs of the people....non existent.

Talk about change is just that....TALK!!!!!!!!!!!

BTK


Along these lines it appears they, both sides, just want to be bailed out and will not help themselves....

"CAGW President Tom Schatz appeared this morning on ABC's Good Morning America in a piece by ABC's Chief Investigative Correspondent Brian Ross exposing the fact that auto executives flew to Washington, D.C. in private corporate jets to beg for a taxpayer-funded bailout. In addition, the United Autoworkers Union (UAW) has stated it will not modify contracts or relinquish benefits in order to give automakers the flexibility to restructure and retool. "


http://www.marketwatch.com/news/story/Taxpayer-Watchdog-Rips-Arrogance-Automakers/story.aspx?guid=%7BBB99AC01-C77F-445A-9279-B95A612A52F1%7D

[Guest]

Has anyone read the papers lately. The Arab countries are asking for a hundred billion dollar bailout because a barrel of oil is less than $60 and they will have difficulty making ends meet. Congress will be debating the issue tomorrow.

[Guest]

their company needs to go into bankruptcy. In Chapter 11 they will be held accountable to the courts how to reorganize and recover to profitability.
If they are given a "bail out" from the government they are accountable to no one to accomplish anything other than continuation of the business and leadership that brought them to this point in the first place.

Ford's CEO having been paid $22 million last year!!!! He lives in Seattle, WA...the company provides he and his wife a private jet in which the commute to and from Detroit to Seattle.

GM has 13 corporate jets that are used daily by their executives....first class commercial isn't good enough!

What will be different with these companies after being given a free handout? Absolutely nothing!!!

The airlines had to go into bankruptcy to survive....let the auto industry do like wise.

The connectivity between these CEO's and the needs of their company are about the same as the connection between our lawmakers in Washington and the needs of the people....non existent.

Talk about change is just that....TALK!!!!!!!!!!!

BTK:agree:

[Guest]

Along these lines it appears they, both sides, just want to be bailed out and will not help themselves....

"CAGW President Tom Schatz appeared this morning on ABC's Good Morning America in a piece by ABC's Chief Investigative Correspondent Brian Ross exposing the fact that auto executives flew to Washington, D.C. in private corporate jets to beg for a taxpayer-funded bailout. In addition, the United Autoworkers Union (UAW) has stated it will not modify contracts or relinquish benefits in order to give automakers the flexibility to restructure and retool. "


http://www.marketwatch.com/news/story/Taxpayer-Watchdog-Rips-Arrogance-Automakers/story.aspx?guid=%7BBB99AC01-C77F-445A-9279-B95A612A52F1%7DI DO hope ya'll are emailing Congress to NOT bail out the auto industry.

[Guest]

done!!

BTK