Re: What companies are you willing to bail out.
I'm not a proponent of any no strings Bail Outs (...read corporate welfare), now certainly there is industry that needs bolstering during times like we currently endure.
But what ever happened to Federally guaranteed loans that businesses have to repay similar to the arrangement that rescued Chrysler from insolvency in the 80's. The Government's Chrysler Loan Guarantee Board, which supervised the loan guarantees, demanded stock warrants as a quid pro quo for the loan guarantees so that the Government, which took a risk with the loan guarantees at a time when Chrysler seemed headed for bankruptcy, could share in the profit of a Chrysler recovery under Lee Iacocca...
Seems to me like that's good old fashioned capitalism!
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Pete Lanciers
PAL Automotive Racing
Stock 7801
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