Over the past few years, there has been a serious problem with companies that think they have a right to some sort of entitlement if they take too many risks and end up foundering. While a large number of shareholders might not care one way or the next about whether the company is receiving a government handout, the ethics of the entire deal leave a lot to be desired. For one thing, why should any entity be allowed to take as many risks as it likes, and then be coddled and financially supported if those risks prove to be too great? There is no reason for that kind of special treatment … [Read more...]