Friday, February 6, 2009

"The Bailout Shuffle"

"I think this is called the "bailout shuffle." Step 1: Company goes out of its way to appear financially sound in order to appease private investors. Step 2: Company pivots 180 degrees and goes out of its way to appear financially strapped in order to access government bailout funds. Step 3: Company pivots back to step 1 in order to convince thegovernment that the money has been used effectively.... I'm guessing step 4 looks a whole lot like step 2. Repeat until company and government are both out of money."

--Tim F.

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