To: businessprofessor
The government has no business entering into any covenant that does not place the taxpayers’ interest first. Someone failed to do their duty in agreeing to such a covenant (and it would not terribly surprise me to find that that person has a connection to the beneficiaries of it).
This is rank and open corruption and screwing of the taxpayer!
To: icanhasbailout
The government has no business entering into any covenant that does not place the taxpayers interest first.how about this instead: "The government has no business entering into business with the taxpayers' money."
To: icanhasbailout
The government has no business entering into any covenant that does not place the taxpayers interest first. Someone failed to do their duty in agreeing to such a covenant (and it would not terribly surprise me to find that that person has a connection to the beneficiaries of it).
Government should never have loaned the money in the first place. The corruption was the government loan not treatment of the lenders unless the lenders made political payoffs.
Democrats know that it is not practical to put taxpayers ahead of other bondholders. Companies will not be able to raise capital outside of government with such bond covenants. I see nothing but corruption from government loans. Democrats have turned the DOE into a venture capital firm to fund their delusional view of energy development.
To: icanhasbailout
This government has a track record of putting the interest of the taxpayers last and I’m sure that any deal made by the Obama administration would be structured as such.
42 posted on
09/06/2011 6:07:22 PM PDT by
grumpygresh
(Democrats delenda est)
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