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| |-+  Economics (Moderator: Torie)
| | |-+  Vampire companies strike again
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Author Topic: Vampire companies strike again  (Read 632 times)
CARLHAYDEN
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« on: March 02, 2009, 02:22:07 am »

Many of you have read of "zombie" companies, businesses that are not viable but kept in business by the government.

There is a separate group of companies that I call "vampire" companies that are similar to "zombie" companies but are constantly being subsidized by the government.

Two such companies are Citibank and AIG.

Both companies are repeatedly being subsidized by the government (i.e. the taxpayer).

Citi got another subsidy the other day and AIG is scheduled for his next dose of blood money.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a9tDCRpMNHkI&refer=worldwide
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CARLHAYDEN
YaBB God
*****
Posts: 10,647


Political Matrix
E: 1.38, S: -0.51

View Profile Show only this user's posts in this thread
« Reply #1 on: March 03, 2009, 09:36:56 am »

Hey, even the New York Times is begining to get it!

http://www.nytimes.com/2009/03/03/opinion/03tue1.html?_r=1&ref=opinion
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