georgiaboy
Member
- Joined
- Jan 5, 2008
- Messages
- 6,489
So Hollywood's thread is great and appropriate.
Seems like the news is full of all these idiotic businesses who screwed up and now are begging for bailout money, and it's great to keep track of them. Paints an ugly picture.
But there is a completely underrreported other side to this whole story that would actually help our cause more, give us a chance to say "YES!!" rather than always be the "NO!!" in the conversation.
Where are all the smart corporations/banks/insurance co.'s out there who spent prudently, saved prudently, have great looking balance sheets and income statements?
Why aren't they up on Capitol Hill testifying about how they did what they did and what they think oughta be done with the companies who were less successful?
I know they are out there, and many of them would be able to take the crumbling wreckages of these other companies and help facilitate turnarounds, or at least sensible liquidations.
There are community banks all over the country who did testify because they were concerned about being forced to take bailout money they didn't need, but criminy, we should have businesses coming out of the woodworks to help show the right way to do things, and teaching Congress how it's done!
I don't actually expect this to turn into an actual list (this post is intended to be more rhetorical), but feel free if you know of places that deserve welcome publicity about their great solvency.
Once again, by feeding the hysteria, the feds continue to borrow, print, and spend.
We need a way to stop the madness by going positive.
Seems like the news is full of all these idiotic businesses who screwed up and now are begging for bailout money, and it's great to keep track of them. Paints an ugly picture.
But there is a completely underrreported other side to this whole story that would actually help our cause more, give us a chance to say "YES!!" rather than always be the "NO!!" in the conversation.
Where are all the smart corporations/banks/insurance co.'s out there who spent prudently, saved prudently, have great looking balance sheets and income statements?
Why aren't they up on Capitol Hill testifying about how they did what they did and what they think oughta be done with the companies who were less successful?
I know they are out there, and many of them would be able to take the crumbling wreckages of these other companies and help facilitate turnarounds, or at least sensible liquidations.
There are community banks all over the country who did testify because they were concerned about being forced to take bailout money they didn't need, but criminy, we should have businesses coming out of the woodworks to help show the right way to do things, and teaching Congress how it's done!
I don't actually expect this to turn into an actual list (this post is intended to be more rhetorical), but feel free if you know of places that deserve welcome publicity about their great solvency.
Once again, by feeding the hysteria, the feds continue to borrow, print, and spend.
We need a way to stop the madness by going positive.
