Monday, November 24, 2008

Bailout U.S.A.

Today’s news about Citigroup bailout by U.S. Government should help bring bank some optimism to financial markets BUT it is a horrible deal for the taxpayer.

Governments should not be bailing out corporations for making bad financial decisions.

I’d say let them go bankrupt!

They should be forced to restructure and I don’t believe that giving them billions of taxpayer dollars is the right incentive to do so.

What about the taxpayer? I am sure you could use a bailout…

Do you?

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Thank you!

Joe Malek

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