[quote=briansd1][quote=flu]
I don’t know, but if a government took over my company and didn’t pay me prevailing market rates, I’d give the company and my government the middle finger and find another employer that did.. [/quote]
Feel free to do so. Nobody is stopping you, assuming you can find a better job.
If you did, wouldn’t be gone already?[/quote]
Um, i have, many many times. And inevitably when I did (along with the other people who were in high demand), what was left at the companies were a bunch of people who didn’t know what they were doing. In the end, the company couldn’t stay afloat and the entire ship sank, screwing the shareholders….Which is exactly my point.
I didn’t support the Fed loaning/giving out taxpayers money to the banks. Nor did I support the Fed/taxpayers inidrectly being shareholders in the bank….But now that it’s done, would it really make any sense to put policies that put Citigroup at a disadvantage, being that Fed/taxpayers are indirectly shareholders of Citigroup? How would Citigroup turning over quarters of losses after losses be helpful to the “current” shareholders? Don’t you (at least in theory) want the government to recoup the money it loaned out… (whether our government actually does is a separate issue….clearly, they aren’t selling back the warrants at FMV).
