The financial bailout seems to be coming in installments. Initially it was counted in millions and then billions. Now it has risen to trillions. Care to try zillions next?
The economic disaster besetting the whole world is apparent. In fact, if billions cannot save companies from a bailout, would trillions do the trick? The next thing you would know is that it is not enough as well as we see practically the whole world at the mercy of debt issues created no other than man himself.
We see companies in need of help. But what is intriguing is how they were able to keep quiet some months back and now declare that they are in need of help. From banks to car manufacturers, it was initially pegged that other companies, both big and small would come out in the open as help is direly needed and making them forget their usual resorts in making the necessary adjustments as far as surviving in the business world is concerned.
With that said, what is stopping anyone from declaring their hard times and demanding for help? If you look at it, the Citigroup assistance may have helped the stocks but has hit the other companies in a negative light. If they could get away with it, then why not the other big names?
The moves of the government are endearing but the fact remains that they have to look at the outset of the results in all. But as we all continue to brace for the hard 2009, what new big corporate name will come out in the open and seek assistance?