Re: OT: Emergency Buy Out

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Author: keith smith
Date:  
To: Main PLUG discussion list
Subject: Re: OT: Emergency Buy Out

Let financial institutions fail, merge or be bought out. The faltering
institutions will see their shares devalued and will be likely to be
taken over by stronger institutions — as has already started happening.
This consolidation of the financial sector is both efficient and
inevitable; government action can only delay the adjustment.

http://www.time.com/time/business/article/0,8599,1845209,00.html?cnn=yes

Sounds like the bailout is only going to make things worse.

------------------------
Keith Smith





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