Wednesday, October 29, 2008

The Methodology of Bailout ...

Applying medication ONLY where it hurts. Try this:

1. keep the bailout restricted to employee pay slips,

2. freeze hiring and firing,

3. reduce management remuneration by 50-60%,

4. eliminate corporate tax evasion (both exemptions and through tax heavens) in order to bring on record all known assets and liabilities of the corporation,

5. utilize the liquidity resulting from points 1 and 3 above to reinvigorate the corporation,

6. handout additional funds only if liquidity in point 5 is insufficient.


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