Yes and no. It really depends on proper management of these takeovers. I believe the intent is to use funds to soak up ownership until they are out of the water, then place the stock back onto the public marketplace.
Of course, we all know what happens when the government intends to do something on a small scale. Social Security had similar beginnings.
“I believe the intent is to use funds to soak up ownership until they are out of the water, then place the stock back onto the public marketplace.”
Thats the other half of this problem no one is talking about... Apart from the bailout itslf, now that the gov’t effectively owns these entities it will NEVER privatize them again. EVER. The federal government is like the Borg... it only swallows and assimilates. No matter how fat and retarded it gets it ALWAYS thinks it’s smarter than you.
Mark my words, Democrats will use this bailout as a gateway to seizure of more private entities. This is the biggest step towards Socialism since the New Deal. We are in very deep trouble. This is just the beginning. Joe American is about to get a mmuch smaller paycheck.