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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 395.890.0%Dec 16 4:00 PM EST
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To: TobagoJack who wrote ()10/17/2008 8:15:23 AM
From: elmatador  Read Replies (2) of 218536
 
Tj, real capitalism means no artificial salvation of compnaies that have failed. Capitalism without bankrupcy is like religion without hell.

I am saying that because I read that "Many emerging economies do not have business rescue procedures in place to deal with distressed companies, so saveable institutions will be liquidated."

Here is a question: how do we know what is "distressed" and what is "salveable".

I am sure people think Alitalia is "salveable". Or may airlines for that matter.

We need outright savage capitalism that purges the (mad) diseases off the system.

It was the salvaveable ting that propped AG to let the dollar flow like a mountain stream.

Now we are still talking about salveable and distressed...
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