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Keyword: truthbasedopinions

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  • Bad Decisions Led to Financial Crisis

    11/18/2008 5:36:31 PM PST · by davidosborne · 25 replies · 456+ views
    Truth Based Opinions ^ | 17 November 2008 | Preston Osborne
    Are we talking about bailing out the automakers for making poor business decisions? For years the Detroit automakers have been giving in to Union demands and political pressures which has resulted in employees of the automakers industry getting unreasonable compensation packages. The chickens have come home to roost. This was forseeable and avoidable and now the automakers want us to bail them out. Actually, what we would be doing is enabling more of the same bad business decisions that got them into this mess in the first place. Same thing with the financial institutions, which is another part of the...