Retired Forester...now fishing instead of working
Yep, I think that is part of condition.If we as the taxpayers are to bail out a corporation then we ought to obtain some ownership, and receive shares in that corporation.
Interesting article in the Wall Street Journal today.....Boeing asked for a bail-out. However, the CEO said forget it if the Federal government ends up with stock shares!!!
Sounds like a great tool to sort out which companies NEED a bail-out and those milking it!!!
BTW...way back when the state of Washington gave the illegal tax breaks to Boeing. I did a quick back of the envelope calculations....The state of Washington could have BOUGHT CONTROLLING INTEREST in Boeing for what they were paying in the illegal tax breaks!!!
Not this time, BUT last time....when the Federal government took over Wall Street Banks, GM, and Chrysler they should have fired the entire management teams for those companies.