Rockominal asked:
Indeed, I’m no expert because I can’t figure out S&P or Dow/Nasdaq
I just mean the climate in general of corporate mergers in general over the years. For instance, smaller banks have been merged or bought out all over the country so many times it’s ridiculous. Small hardware stores can’t compete with home depot or walmart so they have closed down in the past. I don’t want to get into any kind of monopoly type of thing but sure, this is the nature of economics or business, I guess.
Ok then, isn’t that the risk these conglomerates take? Didn’t they have corporate lawyers, accountants, advising them about what’s going on? Is the country already in a quagmire with tax laws and intervention by the government? Where was the governement when small shops and grocery stores couldn’t compete against Wallmart? Now we have AIG. Sounds to me like the bigger they are, the harder they fall. Why shouldn’t AIG go under? Sure it will hurt alot of people. People have been hurt in the past by aggressive mergers in the past. Nobody bailed them out. Perhaps this could be the rise of the Phoenix, so to speak, of smaller banks and insurance companies, etc. that have that instinct of customer service and survival. Not trying to take over the world, and when they fail ask the govt. to dish out $700,000,000,000.
EVALYN
Indeed, I’m no expert because I can’t figure out S&P or Dow/Nasdaq
I just mean the climate in general of corporate mergers in general over the years. For instance, smaller banks have been merged or bought out all over the country so many times it’s ridiculous. Small hardware stores can’t compete with home depot or walmart so they have closed down in the past. I don’t want to get into any kind of monopoly type of thing but sure, this is the nature of economics or business, I guess.
Ok then, isn’t that the risk these conglomerates take? Didn’t they have corporate lawyers, accountants, advising them about what’s going on? Is the country already in a quagmire with tax laws and intervention by the government? Where was the governement when small shops and grocery stores couldn’t compete against Wallmart? Now we have AIG. Sounds to me like the bigger they are, the harder they fall. Why shouldn’t AIG go under? Sure it will hurt alot of people. People have been hurt in the past by aggressive mergers in the past. Nobody bailed them out. Perhaps this could be the rise of the Phoenix, so to speak, of smaller banks and insurance companies, etc. that have that instinct of customer service and survival. Not trying to take over the world, and when they fail ask the govt. to dish out $700,000,000,000.
EVALYN
