Should Government use taxpayers’ money to save the beleaguered companies? - Instablogs
Should Government use taxpayers’ money to save the beleaguered companies?
View Point , Shimla: Jul 14 2008
Made Popular Jul 14 2008
United States :

Should Government use taxpayers’ money to save the beleaguered companies?

The government’s attempt to save the beleaguered companies by infusing millions and billions is always questionable as why a taxpayer should be made to pay for the mistakes of corporations. It is contended that corporations enjoy all the benefits without the fear of going bankrupt, which fuels recklessness in the economy. While on the other hand, government takes such actions so that the economy can be saved from negative feeling. Some companies are so big that their going bankrupt will not only take thousands of jobs but will also hurt badly the industry, creating problems for the economy. That is the reason contended behind saving Northern bank or Bear Stearns, and recently Fannie Mae and Freddie Mac.

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1 Stars
Agree
Christine
Chicago, United States
Yea why not? Then with taxpayers' money bail out the speculators who lost money on the markets and give the corrupt corporate honchos new reasons to steal money. This is the most ridiculous thing that I have ever heard.
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