Tuesday, December 15, 2009

Government Ownership Dangerous To Americans

From the prepared testimony of George Mason University School of Law Asst. Prof. JW Verret at the House Hearing on the Government as Shareholder on December 16, 2009:
Through the bailout our government has become a controlling shareholder in many bedrocks of the business community. Some political leaders have argued that since the government owns these companies, it should seek to control their day to day business decisions. The reason I have joined you today is to explain why this view is not only misguided, but downright dangerous to the taxpayer’s investment as well as the pension funds and retirement funds of ordinary Americans.
Read Verret's complete prepared testimony here.

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