Where is Your Government Bailout?

Over the weekend, the United States government tried to correct one mistake with another: Under intense pressure from foreign governments - especially the Chinese government who are the single largest investor in Fannie Mae and Freddie Mac - Uncle Sam took out its checkbook. With a flourish of the pen, the Treasury nationalized these failing financial behemoths. In the process, it wiped out any remaining common shareholder value, eliminated stockholder control over the company’s operations and fired (but will still pay millions in golden parachutes) one of the most inept management teams in the history of any undertaking.

In yet another stunning example of crisis management, lack of planning, and most of all - lack of leadership control of an organization - a pillar of both the real estate industry and the global economy itself crumbled. If the situation sounds a little too familiar to you, perhaps you’re wondering: Where’s my government bailout?

Read the rest of this blog posting at http://www.matthewferrara.com/strategic-thinking/yourbailout