Mergers should be illegal as a scam to redistribute assets. I remember reading about the closing of Safeway when I lived in northern Louisiana (late 1970s). The article juxtaposed the long-time Safeway workers (who lost good-paying jobs and pensions) and the East-coast corporate raiders (who legally absconded with the money).
Or, when …
Mergers should be illegal as a scam to redistribute assets. I remember reading about the closing of Safeway when I lived in northern Louisiana (late 1970s). The article juxtaposed the long-time Safeway workers (who lost good-paying jobs and pensions) and the East-coast corporate raiders (who legally absconded with the money).
Or, when a companies "merge," they must remain so for five years -- a proposal that would never be accepted.
Such a five-year commitment would also clean up the mortgage market. If you approve someone for a mortgage -- if you think they are financially solvent enough -- then you keep that mortgage for five years before selling it. Don't just pocket the closing costs and run.
Mergers should be illegal as a scam to redistribute assets. I remember reading about the closing of Safeway when I lived in northern Louisiana (late 1970s). The article juxtaposed the long-time Safeway workers (who lost good-paying jobs and pensions) and the East-coast corporate raiders (who legally absconded with the money).
Or, when a companies "merge," they must remain so for five years -- a proposal that would never be accepted.
Such a five-year commitment would also clean up the mortgage market. If you approve someone for a mortgage -- if you think they are financially solvent enough -- then you keep that mortgage for five years before selling it. Don't just pocket the closing costs and run.