Aparently they now tried the "Bail OUT" route in INDIA : Indian government will not bail out Satyam
Posted in Enterprise, 15th January 2009 16:39 GMT Business whitepaper - Virtualization: the four key cost savings The Indian government has ruled out any bailout of struggling outsourcer Satyam. Ashwani Kumar, minister of state for industry, told The Times of India: "This government is not going to directly or indirectly subsidize wrong-doing and fraud in Satyam." He said the government would do what it could to save jobs at Satyam, and protect the brand equity of the Indian technology market. Satyam's shares fell about another 30 per cent on the news. Summary: But according to the FOX channel, if the safety of American citizens are at stake, the US President can decide what is LEGAL or NOT LEGAL....... what needs to be BAILED OUT or NOT.. So, the INDIAN lawyers should have argued as follows : a) SATYAM is too BIG to fail b) It's in National interest to BAIL them OUT c) Break all previous established laws because the security of the Indian economy , is at stake Anton On Mon, 12 Jan 2009 16:00:01 -0600, Anton Britz <antonbr...@gmail.com> wrote: >But in India they are still old fashioned... > > "Executives still go to JAIL" > >They have not heard of "Bail out" money or where as in the USA, they are >placed in house arrest for losing 50 times the amount Satyam lost. ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@bama.ua.edu with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
