Reply to Message
The term "corporate socialism" may be appropriate here given the socializing of bad corporate policy through taxpayer bailouts engineered by government agencies strongly tied to Wall Street, phony "green companies" and so on. The unfortunate truth is that bailouts have become integral to the business model of the largest companies in the financial sector while government imposes high-risk activity, such as untenable mortgage loans and/or loan forgiveness in the interest of "social justice". Nothing is too big to fail; they fail anyway and the taxpayers pick up the tab as with General Motors and Chrysler while the government declares they were "saved" by brave public policy.
Posted by mikemce