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This is just like what Clark Howard advises when loaning to a friend. The other day Clark was advising someone about a $10,000 loan for a friends business. He advised that if when you went to your friends house and they had a new big screen TV then you shouldn't lend them the money. This is the same thing. You can't bail someone out and then expect them not to spend the money and you have no right to tell them what to do with it.<br> <br> On that note I offer the Government a solution:<br> In this country we have a great system to handle failing companies. It is called bankruptcy. AIG should have been allowed to go bankrupt, then all these contracts that everyone is complaining about could have been resolved in bankruptcy court. All of AIG's assets would have been sold to healthy institutions to pay its obligations and we wouldn't have these problems with executive compensation. Then if the government wanted to lessen the blow to the economy they could negotiate the obligations that remain. So if Citibank had an policy with AIG that would cause Citi to cascade the bankruptcy the government at this point could step in and pay say 50 cents on the dollar of what AIG couldn't pay. <br> <br> In this manner the people responsible wouldn't be rewarded, the government couldn't be upset about bonuses and how companies spend money. Also any businesses that had faulty management would dissolve and be bought by strong healthy companies. This would stimulate the economy and we would already be back to growing economy instead of a shrinking one.<br> <br> Constantly throwing good money after bad is doing nothing but prolonging the recession.<br> <br> It is time to prune the economy. We need to trim off the dead branches and let the new growth flourish. By leaving the dead branches on the tree it is absorbing more of the good money and not letting the healthy new branches grow. <br> <br> Our government is currently killing us in debts. Something needs to be done to get them to stop this insane spending.
By Rob
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