I was reading this article this morning http://alwayson.goingon.com/permalink/post/29911 and thinking this is the problem I have personally with the bailouts.
We need to have 'pruning'.
Allowing inefficient companies to fall off and for mergers to save viable assets is the best way to protect everyone and move forward strongly in the future.
When are we going to see the return of a 'Gordon Gecko' someone prepared to roll the dice and acquire multiple assets with the view to stripping off the fat and making money from taking the risk through mergers and acquisitions.
P.S. As a matter of self disclosure one of my favorite heroes growing up was Al Dunlap (don't know who he is....go do some research you might learn something) - My favorite quote of his was "Don't blame me for firing you from your job, if the previous management was doing their job properly I would never have been called in to solve the problem in the first place".
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