All Your Firm Are Belong to Us
17 November 2008 at 9:39 am Peter G. Klein 6 comments
| Peter Klein |
Time for a little O&M poll. Which US firms or industries will be bailed out and/or nationalized next? This year we’ve had investment banks, commercial banks, insurance companies, and (coming soon) the automobile industry. Who’s next? Another financial-sector player, like student-loan packagers and resellers? More insurance companies? The steel industry? Food processing? Healthcare? Boatmakers? Perhaps professional service firms? How about Olympics organizers? Take a guess, and feel free to provide additional suggestions too in the poll or in the comments. We’re pretty far down the slippery slope; what do you think the rest of the journey will look like?
Entry filed under: - Klein -, Bailout / Financial Crisis.
Organizations and Markets 
1.
Bob V | 17 November 2008 at 10:23 am
I vote education!
Oh, wait a second…
2.
Rafe Champion | 17 November 2008 at 3:56 pm
Massage parlours and providers of cognate personal services?
Is there any literature to show whether activity in this sector is a leading or a lagging indicator of economic activity, business confidence or general morale in the population? That was morale, not morals!
3.
david | 17 November 2008 at 9:58 pm
http://www.slate.com/id/2200640/
“One thing I’ve learned is that economic downturns can be boom times for high-end sex workers. Sex workers of the past waited on street corners, outside bars, and around parks, and their transactions were fleeting and usually for a few dollars. Today’s high-end sex workers see themselves as therapists, part of a vast metropolitan wellness industry that includes private chefs and yoga teachers. Many have regular clients who visit them several times per month, paying them not only for sex but also for comfort and affirmation.”
4.
Rafe | 18 November 2008 at 7:47 pm
Thanks!
From Slate.
“All I did was make them feel like they could go back out there with their head up.”
Keeping their peckers up, as they say in England.
5.
Club Troppo » Keeping their peckers up | 19 November 2008 at 7:26 am
[…] question arose on Organizations and Markets, which industries will be next to hold out their hands for bailout money? Will the massage and […]
6.
Eric H | 21 November 2008 at 8:15 pm
I’m surprised we haven’t heard from the steel industry. After all of those years of laissez faire during the Bush Admi..n..i…. Oh, wait, I forgot.