CCCToad on 24/8/2009 at 14:10
There's free and then there's "free".
For example, the "free" mini shamwows that come when you order a large shamwow. Or the "free" cellphone that comes with your cellphone contract, provided you sign up at the regular price for two years.
or the "free" money given to AIG.
SD on 24/8/2009 at 14:32
Nobody "gave" money to AIG.
Rogue Keeper on 26/8/2009 at 13:21
Now the NATION owns AIG. If you fully realize it, you suddenly feel better, because you're one more little step closer to the Communism! Does the government manage it incompetently? Every nation has government it deserves.
CCCToad on 26/8/2009 at 13:35
Quote Posted by Rogue Keeper
Now the NATION owns AIG. If you fully realize it, you suddenly feel better, because you're one more little step closer to the Communism! Does the government manage it incompetently? Every nation has government it deserves.
Actually the government hasn't been managing it at all, AIG's executive board still does its own thing without much interference aside from public scoldings about bonuses.
Rogue Keeper on 26/8/2009 at 13:45
Well that sucks. Didn't the gvmt create some special comissions, to overlook the management of businesses "nationalized" by the bailout?
In normal business, a new owner can throw out anybody out of the management and bring new people he can trust.
CCCToad on 27/8/2009 at 13:31
Quote Posted by Rogue Keeper
Well that sucks. Didn't the gvmt create some special comissions, to overlook the management of businesses "nationalized" by the bailout?
In normal business, a new owner can throw out anybody out of the management and bring new people he can trust.
I'm not too clear on the exact details, but my understanding is that they did make those commissions. However, I haven't heard of them actually doing anything aside from when Obama demanded that GM's CEO step down.
Rogue Keeper on 27/8/2009 at 13:51
Holy Milton.
Pitch on 27/8/2009 at 14:10
You guys know nothing about government efficiency:
Quote:
Prime Minister Vladimir Putin traveled Thursday to a small Russian town where all three main factories were shut down and pushed through a deal to put residents back to work.
Pikalyovo's largest factory, a cement and alumina plant owned by billionaire Oleg Deripaska's holding company, shut down in January.
During a televised meeting with factory owners and managers, Putin ordered Deripaska to come forward and sign a contract with one of his plant's suppliers that would allow all the factories to resume production.
Putin ordered factory owners to pay off the wage debt of 41 million rubles ($1.3 million) by the end of the day. He also gave them three months to find a way to work together, warning that otherwise "it would be done without them."
Full story:
(
http://abcnews.go.com/International/wireStory?id=7757320) http://abcnews.go.com/International/wireStory?id=7757320
Rogue Keeper on 27/8/2009 at 14:41
A man with guts. :cheeky:
