Wednesday, October 1, 2008
The Market is a huge PR Move all the time
I don't think people are as aware of the power of the media as they should be. The P.R. people and spokesperson for all these companies could be using all the flowery words they can think of but the very next day they can either declare bankruptcy or do a complete turn about. A lot of it is based on their word choice alone. If there is one slip of the tongue it could mean your companies either bleak opening day in the market or the turn around you have been hoping for. With the Current AIG and Lehman problems, I think a lot of underhanded things are happening behind the scenes to keep the American people at bay while the company executives bail out with a fat check. Just recently Treasury Secretary Henry Paulson Jr. told the public that he didn't want the government to endanger tax payers money to bail out the company, then just days later he brokered a deal to give an $85 billion dollar loan to AIG. This loan of course funded by the American Taxpayers money. Decisions are being made in haste to try and just fix what has gone so wrong. All these hasty decisions are going to get the country more screwed uo then we already are. Lets think about it guys!
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