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kmcolofollowshare
3-30-2009 8:24 AM
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kmcolo says:
These are interesting times to be living in... That the government has taken such a large role in the internal affairs of our nation's largest corporations is a little disturbing. But it would be far more disturbing if it were doing so ab nusquam. Turns out that these companies have taken on billions and billions in federal aid and are looking for billions more.

Is it the role of the government to run these large companies, no. But it is the role of the government to safeguard its investment in them, just as any large stakeholder would. If GM did not wish to be subjected to the scrutiny and consequences of federal government influence then it should not have taken federal government money.
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3-31-2009 2:10 AM
Oortcloud
I look at it this way - if a company is failing by its own hand and they beg for handouts then they have to expect to start receiving dictation on how they run their company.

It's not like the government made demands out of the blue. When you dance with the devil expect to do it by his band.
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