"I don’t think it’s a bailout," said Bush, deflecting some criticism that the government should not rescue a private firm. "The shareholders still own the company."
So the government can throw all the money it wants at a company, but as long as the shareholders still own it- it’s not a bailout?
If it looks like a duck, walks like a duck, and quacks like a duck, then it’s a duck.
Igor says: untrue.
twist -
An old friend of you and Doom is on the case (and quoting Bert Ely to boot). She doesn’t sound amused.
“Taxpayers on hook for mortgage rescue”, by Rachel Beck, Associated Press, July 15, 2008.
yeah…and bear stearns wasn’t a bailout either….and when the FDIC goes under i’m sure it won’t be a bailout either. start savin your dollars to literally burn because it will be cheaper to do than buying wood.
ironically, igor says “deflate”
One Company, One Nation under Glod. That’s where we’re headed. Obama will get the blame though.
Just came back from Target where I purchased a pair of comfortable shoes..for when I have to stand in line to receive my rationing of bread, cheese and water…
Ah, the product of a Harvard Business School education - doesn’t know the difference between a bailout and a buyout. Or isn’t embarrassed to act that way.