It must be comforting to know you can start a business and build it too a level where the government will not allow you to fail. We need a new monopoly game to reflect this new capitalistic (or is it something else?) concept.

How big is too big to fail? There is some confusion there it seems. GM can’t be allowed to fail – $91 billion in assets but WorldCom (remember them?) had $104 billion in assets. We waved goodbye to Washington Mutual with it’s $328 billion in assets and don’t forget the number one place holder, Lehman Brothers and their $691 billion dollar bankruptcy.

If you don’t think the bail-out program in it’s entirety is political, you better think about it a little longer.

And for our entrepreneur’s out there. Don’t forget the ones who sold to the companies who went or or are in bankruptcy. The press and the government don’t even mention the thousands losing money and possible their businesses as a result of these bankruptcies. I hope you know it works that way . . . the debts of these companies, monies owed to other companies and individuals are forgiven which means if they owe you money you get nothing, nada, zilch, zero.

Tags: bail-out, bankruptcy

This entry was posted on Monday, June 8th, 2009 at 9:16 am and is filed under Government spending, Just thinking - again!. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.