Wrong on this one. At least that’s the way I read it.
Remember the GM/Chrysler bailouts in ‘08? Those entities were ’too big to fail’ so their CRONIES in DC (not their customers) bailed them out with an infusion of $$$.THAT’s Crony Capitalism.
Capitalism is where the customer determines who sinks or swims NOT THE GOVERNMENT. In this case, Carmen (the customer) is the source of capital ($$$) for the store owner which keeps him in business, which is, or should be, the normal course of events.
Don’t think I learned a thing about “crony capitalism” here. I think I did see something about racial discrimination. However, Winslow is of a different species, not necessarily race. Does that make this argument specious? (Should be a Pearls Before Swine punch line!)
That no bankers or Wall St hedge fund managers were ever indicted for crashing the world economy is the real crime. Because they had the money so were easily able to buy off congress to make sure they never saw the inside of a court room
willikiii over 7 years ago
Wrong on this one. At least that’s the way I read it.
Remember the GM/Chrysler bailouts in ‘08? Those entities were ’too big to fail’ so their CRONIES in DC (not their customers) bailed them out with an infusion of $$$.THAT’s Crony Capitalism.
Capitalism is where the customer determines who sinks or swims NOT THE GOVERNMENT. In this case, Carmen (the customer) is the source of capital ($$$) for the store owner which keeps him in business, which is, or should be, the normal course of events.
fuzzbucket Premium Member over 7 years ago
‘No bid’ contracts are crony capitalism.
Cheapskate0 over 7 years ago
Don’t think I learned a thing about “crony capitalism” here. I think I did see something about racial discrimination. However, Winslow is of a different species, not necessarily race. Does that make this argument specious? (Should be a Pearls Before Swine punch line!)
timbob2313 Premium Member over 7 years ago
That no bankers or Wall St hedge fund managers were ever indicted for crashing the world economy is the real crime. Because they had the money so were easily able to buy off congress to make sure they never saw the inside of a court room
jbmlaw01 over 7 years ago
Saul Goodman said all I would have said.
kaffekup over 7 years ago
“Bankruptcy laws” wouldn’t have saved the auto industry. No one was lending, so the government lent to them and was paid back.