Plus BBC News: Leaders welcome G20 action plan

It is amazing to see how all these leaders from almost all leading nations are failing. It’s not just failure. They are making things worse. They just throw more and more public money they don’t have at huge corporations without a long term plan or strings attached.

Neither the bankers nor the Auto industry have to follow any rules, pay a "price" or "change" in any way to get the money. The same people that have failed their companies, stockholders and the markets are still in command in most of these greedy enterprises.

Why not let these companies goes bankrupt and let proper bankruptcy laws and management take over and get rid of these failed companies?

Otherwise they will be back in six or twelve months asking again for more money. And these bailouts are unfair. There are companies that haven’t failed. They are punished and have to deal with hugely subsidized competitors in the future.

Neither the "free markets" work nor does the "nanny state".

And we all have to watch the all these managers and politicians fail us again and again.

©2010 ultraorange.net. All Rights Reserved.