Smoof Blog: Archives for Sep 2006

Here's how you bail out an "essential" industry or company without rewarding failure: Take the amount of money they need to stay afloat, divide it by their share price and use imminent domain to force them to sell the government that many new shares. The government can then slowly sell the new shares back into the market while the shareholders fire the incompetent fuckups that almost drove their investment into bankruptcy.

here's a nice little essay on "honor"