Day: 14 November 2011

No Bailouts! It must be ‘Jail -In’ to these corporate robbers

The recent bailout plea by the liquor baron and promoter of Kingfisher airlines – Vijay Mallya seeking government intervention could not have looked more humiliating for the ‘the king of good times’. Only the king has fallen on bad times and all of his own making. If we strictly stick to the free market philosophy of no government intervention or oversight over the industry and a free rein over the market, then Kingfisher airlines should be allowed to fail. read more