NoMoreLunacy
Well-Known Member
Joined: Jun 8, 2011 23:21:57 GMT -5
Posts: 1,293
|
Post by NoMoreLunacy on Jun 19, 2011 22:03:20 GMT -5
Exactly. Public or private, it doesn't matter, everyone has the same challenges and Govt bailouts are often needed for large, critical employers. Like GM and USPS.
|
|
NoMoreLunacy
Well-Known Member
Joined: Jun 8, 2011 23:21:57 GMT -5
Posts: 1,293
|
Post by NoMoreLunacy on Jun 19, 2011 22:04:44 GMT -5
Probably not any more, molly. Affirmative action, unions, and the lack of overtime dollars have all made sure of that. But if they can't make it at night they can't make it before school either, or after school, or on week-ends, or in fact not ever. But Private schools can and do, and if the parents want their little darlings to progress they make time to go. So, if there is a difference in what kind of student private schools turn out it may not be as much the caliber of student they're turning out as much as it is the caliber of parents that the students come from. What do you think? Every study ever done indicates that parents are what makes the difference. I totally buy that. In the absence of some kind of harsh penalty on US parents, the public school system won't improve.
|
|
formerexpat
Senior Member
Joined: Dec 18, 2010 12:09:05 GMT -5
Posts: 4,079
|
Post by formerexpat on Jun 19, 2011 22:08:41 GMT -5
Why are bailouts needed instead of restructuring and reorganization of debt as would happen in bankruptcy? Are you saying there would be a financial contagion if we had let the auto industry sort this out in courts? Or say, restructure the government pensions & benefits?
I understand a bit more about emergency loans in a non-liquid banking market; then again, financial services is where my knowledge lies.
|
|
NoMoreLunacy
Well-Known Member
Joined: Jun 8, 2011 23:21:57 GMT -5
Posts: 1,293
|
Post by NoMoreLunacy on Jun 19, 2011 22:11:11 GMT -5
Why are bailouts needed instead of restructuring and reorganization of debt as would happen in bankruptcy? Are you saying there would be a financial contagion if we had let the auto industry sort this out in courts? Or say, restructure the government pensions & benefits? I understand a bit more about emergency loans in a non-liquid banking market; then again, financial services is where my knowledge lies. For your information, GM did file Chapter 11. So I have no idea what you are talking about. As for contagion, perhaps you are OK with double the current rate of unemployment. But I am making a very good living in the current economy and I prefer to leave it that way. If that takes bailouts, so be it. I am long term greedy.
|
|