Surely taxpayers shouldnt be bailing out private business?

Question

http://www.dailymail.co.uk/news/article-1037374/Plans-taxpayer-mortgage-risks-radical-changes-housing-market.html

Because of the financial mismanagement of some companies by their directors and shareholder the tax payer might be asked to bail out them out. Do u think this is right?

Answer 1

I personally think that the directors and CEO's of these companies need to have some accountibility. I think it is repulsive for some one to run a company into the ground, destroy peoples lives (loose pensions, loose jobs, deny benifits, etc) and then walk away with millions (as a settlement) when they get fired. It is like putting someone on leave with pay as a punishment. The only leave I get with pay is called vacation, and I surely would not recieve that if I destroyed a company.

Answer 2

Forgive me for sounding naive, but isn't that what shareholders do, take the risks? From a laymans point of view it seems ridiculous that taxpayers guarantee their dividends. As for the directors, these people are meant to be the best and their rewards are substantial. If they fail they should be accountable.

Answer 3

we do it all the time.

Answer 4

That's ridiculous Banks have billions why should we prop them up!

They will happily take thousands everyday in charges i don't recall them using that to set up safety net trusts or contributing to the treasury!

Answer 5

This Government stumbles from one stupid kneee jerk idea to the next.

Gordon Brown is now ruling the Country, isn't this the same guy that described himself as "a safe pair of hands running the economy", isn't this the guy who sold of billions of our countries gold reserves at a ridiculously low price.

We are Governed by Muppet's and to answer your question, it doesn't matter what we think because they will do what they want. They are so arrogant that they have forgotten that  they were elected to REPRESENT OUR VIEWS!