Blackguy4you saidand sorry to say, but at the end of the day, still nothing would have changed.
see, greed is a powerful thing
And thus, why rampant deregulation was a bad idea.
I remember watching CNN a couple of weeks ago. They were doing a story on the anniversary of MLynch bankruptcy.
One of the money managers when asked, made the comment he was not surprised that it failed. that it was the same managers who managed a $30B company were now managing a $380B company. i know they say hindsight is 20/20, but i immediately wondered where was he at the time? was he not drinking from the same trough?
And isn’t this part and parcel of capitalism practices. We have companies gorging themselves on smaller ones, cheered on by wall street even though everyone knows full well that such mergers and acquisitions are pretty much doomed to failure – aol/time warner , At&t and whoever airlines …and the list goes on… yet we stumble on because of the profits generated for such transactions for a greedy few