"Hal Ó Mearadhaigh." wrote in message
news:7b8nefF21thqkU1@mid.individual.net...
> Jerry Okamura wrote:
>> "Andy" wrote in message
>> news:9ad36a67-29a5-4b7a-b8a4-c072d8ce0edf@18g2000yqa.googlegroups.com...
>>
>>
>>
>> Sir,
>> Following in the wake of Northern Rock and Royal Bank Of
>> Scotland , the government has announced that the National Express East
>> Coast Main Line is to be renationalised.
>> Personally, I have no problem with hard-working and talented
>> executives in the public and private sector earning large wage packets
>> should they be successful in their efforts. However should their
>> venture fail and require a bailout from the taxpayer, they should be
>> properly brought to account. They have gambled with our money and have
>> lost it, and should pay.
>>
>> Should any private company get a government to bail them out?
>
> They are not "being" bailed out! They are being nationalised.
And why is that a good thing?
However, in
> the context of your question, it is my opinion that in certain
> circumstances, yes, the government should consider that possibility (of a
> bailout) . Especially were Jobs are concerned. The motor industry, ship
> building, railways, any industry with high employment. It is probably a
> lot cheaper on the tax payer to do that on a long term loan basis or some
> such arrangement.
Then why not bail out any and all busiensses that gets into trouble? Why
pick winners and losers in this game?
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