It is going to be a difficult time, when the corporations at the top of the pyramid go bankrupt; they are already bankrupt! The only reason they stay in the black on the balance sheet now is borrowed money; in other words, what they produce does not cover what they spend!
Tag: Ponzi scheme
Wall Street, the Greatest Ponzi Scheme
The U.S. government has no business bailing out these huge corporate entities. It doesn’t matter what country is involved with loaning them money. However, this is the role that the Bush and the Obama administrations played. In a free market system, a business must stand on its own merit or fall. This is what the free market system is all about. Business is about risk and hard work.