Some businesses should be FORCED to fail for the good of the country. Like Monsanto. And Halliburton. And Blackwater.
Some businesses should be FORCED to fail for the good of the country. Like Monsanto. And Halliburton. And Blackwater.
Private business is a considered purely a private enterprise in which you take risks and reap big harvest in good times and take losses in bad times. Where does bail out come in picture?
Plain and simple. More greed fuelled by animal instincts propels people to take more risks for short term gains and if turns bad, it might do a lot of damage , specially if involved with lot of public money.
I have no problem with people doing that with their own private money. But if the financial institutions do that with lot of public funds invested in their institutions, it's a very big proble. If unchecked (means not much regulations), can destry a lot of people. You see it today.
Hope government would devise some meaningful but not excess regulations to prevent future catastrophe.
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