Altas Shrugged Part #3 of ?
by Tom on November 11, 2009
in Atlas Shrugged
Okay, here’s a question for you.
Let me set the stage. Dagny and her brother James are in her office and they are arguing over the service levels that are currently in place on the Rio Norte Line (their railroad that runs down into Mexico). Dagny had cut service levels, was running one passenger train and two freight trains per day and was running them on the cheapest, oldest trains she could find.
Why? When James confronted her on that, she said it was because that reduced the amount that Taggart Transcontinental would lose when Mexico nationalized the Rio Norte line in Mexico.
Hmmm, is there any chance that type of an attitude and response might be happening in the banking world right now? Is eventual nationalization (albeit temporary) that will hurt shareholders negatively impacting the decisions that the top bankers are making right now?
Do you know what I mean?
