Today’s must read article is a NYT piece about the amazing non-
profit tax-paying entity known as GE.
Yet another reason why you don’t bailout companies whose inability to manage risk allowed themselves to become destroyed: They not only do not deserve to continue with the same management/shareholders/creditors who all created the insolvency in the first place, but they are ungrateful bastards as well.
G.E.’s Strategies Let It Avoid Taxes Altogether
NYT, March 24, 2011