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 testimony here.
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Tuesday, December 15, 2009
Government Ownership Dangerous To Americans
Posted By Milton Recht
From the 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:
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