Forum Archive Index - June 2003
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[sharechat] Govt. rescue hazard [Second try]
From: |
Marilyn Munroe <who.c@res.co.nz> |
Date: |
Sun, 8 Jun 2003 20:28:57 +1200 |
Sorry the formatting of my previous posting was mangled. This should be easier
to read.
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The practice of the Labour government wading in with the tax payers cheque
book every time a large important enterprise is in financial difficulties is
storing up future troubles.
Imagine the following hypothetical situation;
THE SCENE: Air New Zealand boardroom in the near future.
1ST DIRECTOR: "Hey I've a great idea, why don't we fly jumbo jets into
Hokitika."
2ND DIRECTOR: "Are you crazy, there is not enough passenger demand to justify
that. We would go broke."
1ST DIRECTOR: "That doesn't matter, if we go broke the government will rescue
us. It is a one way bet. We cant lose, it doesn't matter what sort of crazy
stuff we do."
Boop-boop-de-do Marilyn
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