Originally Posted by medic92
My only problem is the precedent it sets. Right now it only affects executives of companies receiving TARP funds. But it sets the stage to take it further. Say a company receives federal funds or grants. Using this precedent the government can start setting similar conditions for other types of business assistance.
I may be a little old school, but I really don't like more government involvement in business, regardless of how harmless they make it seem at the time.
I don't either. The free market takes care of itself. IMO, they shouldn't have done any bailouts whatsoever and allow bad companies to go bankrupt. They're having financial problems for a reason, yet, they want us, the taxpayers, to invest in their VERY bad business practices? No way Jose!