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Thursday, April 3, 2008
In Europe, a major airline takeover failed to take off this week. Air France-KLM Group broke off talks to acquire Alitalia. We ask Stephen Beard what happened to this deal.
An Alitalia plane taking off (Paco Serinelli/AFP/Getty Images)
More on International, Europe, Travel
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"We tend to forget that debt is another form of slavery. So, they are selling our debt to others? Hmmm, what happens if we can't pay? Hmmm, our credibility starts to wane. Why the heck, if we are to be seen as leaders in this vast world, would another country listen to us? Get ready people -- the beastly game is in full effect. Remember how back in the day, the mob would extend debt to those who couldn't get it? Remember? What happens if that person couldn't pay up? Good luck, Fannie and Freddie! . . . "
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