Tag

bailout

ar

The Chrysler Donkeys

Bailouts is the word that you got to get your self used too this year. Many companies are going to the dogs and many countries around the world are helping their “national” companies which provide jobs to millions of their people some hope of survival. This money is tax payers money which is managed by the government who later give it out to these companies who than manage it in ensuring the company makes it through the hard times. So…

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ar

Picture of the Day

Bailout is the buzz word now with the govts looking to bailout the banks in order to keep some stability and to ensure that the banks dont kill off too many people. Is this the right thing to do? Maybe it is but what about those who run the banks and are responsible for the situation we are in today?? What happens to them?

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Malaysia

Govt Maika Bailout?

There is all this talk about Bailout’s being debated in American and today i saw a weird piece of news that made a little confused! This was on Malaysiakini Former Federal Territory MIC chief VKK Teagarajan suggested that the government pumped in RM150 million into Maika to help the 66,000 investors who had put in about RM106 million of their hard-earned cash into the venture. For the benefit of those who don’t know who Maika are :

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