Wednesday, January 28, 2009
TARP Crunch
The TARP Troubled Asset Relief Program sounds like it was designed to help companies that have troubled assets. What would you call a troubled asset? A company that sells office space for example, and cannot find renters? A manufacturing plant that has the equipment, but not the money to purchase raw materials? To me that sounds more like troubled assets, than a bank that wants to give out salaries between $150,000 to $250,000 a year, but a bonus of up to 1 Million or more. Well, if they would only use the services of RCM, we could do a cash is King Checkup and find out where they could make money within their own company. We would even put their lavish furnishings on EBAY and sell it to the highest bidder. We also would have them engage in Best Practices and the Accountability systems we sell. www.rcmorganize.com sees a lot of troubled companies looking for ways to find cash in their business, the banks seem to view it as how much cash can everyone else give to them, so they can spend it. No wonder our savings rate is so low.
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