On Sat, Mar 20, 2010 at 9:44 PM, geoff <[email protected]> wrote: > You just don't get it do you?? Ford had a third choice that the others > didn't have - 'trading out of difficulties'. The other two were bankrupt and > you CANT trade out of that. For starters, it is illegal.
What the government is doing now in the name of "saving" all these failures is not merely illegal and frankly unconstitutional, it's immoral. First of all, it's getting the country even deeper into debt than it would be otherwise. Second, its delaying the inevitable reckoning and making it even more costly when -- not if -- it comes. Thirdly, it is making the cost of reckless risk-taking LESS, not MORE, expensive to the risk-takers by establishing that future taxpayers can always bail you out if you get in a pickle (as long as you're "too big to fail" or a FOGS (Friend Of Goldman Sachs) -- all others need not apply). They're doing all of this with money that doesn't exist, based on a future productivity promise that cannot be made good on, and selling this debt to enemies of the Republic (China, for example) which completely undermines our national security, to boot. - Publius > > > > -----Original Message----- > From: [email protected] [mailto:[email protected]] On Behalf > Of Publius Maximus > Sent: Sunday, 21 March 2010 9:46 AM > To: ProFox Email List > Subject: Re: [OT] Impeach the President > > On Sat, Mar 20, 2010 at 7:11 PM, Virgil Bierschwale <[email protected]> > wrote: >> Sorry, but I'm not seeing what you're seeing as their last quarterly >> wasnt too bad >> >> http://www.google.com/finance?q=NYSE:F&fstype=ii >> >> Their annual shows the first profit in a long time >> >> Not too shabby from where I'm sitting.. > > Well, and the point was that the supposed choice between > nationalization and bankruptcy is a false dichotomy. Ford is surviving > without handing over control to the government. > > - Publius > > -- > > "It ought never to be forgotten, that a firm union of this country, > under an efficient government, will probably be an increasing object > of jealousy to more than one nation of Europe; and that enterprises to > subvert it will sometimes originate in the intrigues of foreign > powers, and will seldom fail to be patronized and abetted by some of > them. Its preservation, therefore ought in no case that can be > avoided, to be committed to the guardianship of any but those whose > situation will uniformly beget an immediate interest in the faithful > and vigilant performance of the trust." [Federalist Papers #59] > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
