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Tuesday, December 23, 2008

Getting in line for the Bailout Funds.

Getting in line for the Bailout Funds, because 'the money is up for grabs'.

2008: The beginning of the Bailout

Worldwide bailout funds and Government help provisions are nearing a couple of trillion US dollars. There is a staggering amount of money involved, in the U.S. alone already 700 Billion dollar ($ 700.000.000.000,-), which is probably not enough.
If the USA, Europe, UK and Asia are counted all together it's going up to $3 Trillion (3000.000.000.000,-) or more.
What we are beginning to see now is more and more companies are asking for help. ("The money is available. So why not use it?")
First came Banks, the Financial Industry and Insurers, then came the Auto Industry, now the Housing Industry is getting in line.
Are Services, IT, Realtors, Manufactoring, Medical, Travel, Transport, Agriculture and Food Industries next in line?
When is Governemt beginning to ask for more money to sqeeze out the taxpayers because more (inefficient or nonproductive) bureaucrats are needed to handle the bailout requests?
Or will we get a whole new industry, the Bailout Specialists, -when all the money is gone they have to be bailed out themselves? (Like subsidy experts in certain European countries).

According to a recent CNN Poll most American think behaviour like Bernie Madoff is common and fraud occurs often in financial institutions, and that more government oversight is needed to stop it.
So, Wallstreet has a real image problem.
TIP: when your daughter comes home with "a banker for Christmas", get counseling!

We have not heard the well managed industries in the past 30 or odd years, when the 'CAN DO!' mentality and growth was the adage and money was to be made.

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