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Showing posts from March 6, 2009

Bailout money in exachange for majority stocks

There is something that keeps bothering me as I write this article. This is particularly true with the present recession that plagues the United States economy, whose wide-ranging impacts on the rest of the world is beyond compression. Albeit, it was at least good that President Barack Obama was able to prod US legislators to approve one of the biggest stimulus bills the United States has ever had without so much fanfare. As the implementing guidelines on how the billions of money could be distributed are still being worked out, I couldn't help but be amused at how the money, especially for the automakers' bailouts are being considered, in order to help the American automakers lessen their operational sufferings in light of the present economic situation in America, wherein tens of thousands of workers have now been given their pink slips because their employers could no longer afford to sustain their salaries. What is surprising, however, in this kind of economic situation is