Wednesday, June 03, 2009

Can You Say "Conflict of Interest"?

GM will continue to lobby the United States government, despite (because of?) the fact that the government is now GM's largest shareholder.  Of course, this makes explicit what was already implicit:  Will the government pursue policies that are in the best interest of the country if they have a negative impact on GM?  Will GM seek to return to profitability by becoming more competitive in the free (ish?) market, or will they advance policies which are bad for the market, knowing that they can always rely on the government, whose policies they are advocating, to continue to funnel them money even as their product continues to lose money?  In short, I smell a rat.

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