“The consequences of it are going to be a massive brain drain of senior talent from those companies that have taken TARP money to those companies that have not.” [Donald Straszheim, managing principal at Straszheim Global Advisor]
Unintentional comedy alert!
1) If you've taken TARP money, you have run your company into a ditch. How much brains did that take?
2) If you have run your company into a ditch, you think that makes you a candidate for other companies who aren't in the ditch?
I've said it before, and I'll say it again-to quote Douglas Adams, first against the wall when the revolution comes.
It's not really a serious thought, but the silly idea came to me once or twice that the bailout money should go to the SUCCESSFUL and non-evil banks, to reward them for a job well done.
ReplyDeleteAs opposed to the current bailout: "You suck, so hey, here's a huge prize! Go have fun!"
Indeed.
ReplyDeleteYou failed. Now, please, take $700 billion, so that you may continue to fail!