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Politics : The Obama - Clinton Disaster
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To: DuckTapeSunroof who wrote (9804)3/23/2009 2:46:14 PM
From: HPilot  Read Replies (1) of 103300
 
"I still say that the guy *extending massive loans* and other investments to BAIL-OUT failed and failing companies can pretty much set his own conditions on the loan.

(And, if the bailed-out doesn't like it they can always pay off the investment, or not beg for one in the first place. :-)

In this case the government renigged, they made a contract allowing a bonus plan, and now they took it away. Possibly dooming AIG.


Re: "If you specialize in turning faile and bankrupt companies. You would not want stock or stock options. They tend to become worthless when the company goes under."

You equate bankruptcy with failure, when often it is success. One of the methods of turning around a company is making sure it goes into bankruptch and making the stock worth nothing. Obviously giving hime stock instead of cash would create a bias that may not be good for the company. .

PS --- I never said anything about 'stock options' though. (I mentioned "stock", Hugh.)

Why the hell do you care who said it first?
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