Forget the banks, now even rental car companies seek bailout from Fed. Bizarre, isn’t it? As usual, these companies have their own weird logic to seek the taxpayers’ money.
Last month, the chief executives of Enterprise, Avis, Hertz and Dollar Thrifty sent a letter to House leaders pressing them to help the industry. “The impact of the declining economy on our business has already resulted in significant cost reductions, staff cutbacks and facility closures,” they wrote. “In addition, our industry faces significant near term financing challenges…We therefore believe that government action is necessary to help restore access to capital.”
Ok, here is my letter to the congress. “”The impact of the declining economy on my job has already resulted in job loss, declining stock portfolio value and foreclosures. In addition, the banking industry I specialized in faces significant near term financing challenges… It appears that I would not get another job for next 12 months. I therefore believe that government action is necessary to help me to have access to capital.”
These guys have no shame at all. There is no difference between these executives and the street beggar in San Francisco downtown.
Related Link: Rental car firms seek bailout
Man protesting outside New York stock exchange. Where is my bailout?
[...] end of the tunnel. State governments don’t have enough funds to give it to unemployed. Even rental car companies are asking for bailout. I don’t know where all these would end. January barometer would be proved wrong only if the [...]