of what you do. but it sound likes what you need is equity. if you re going to raise equity, you have to have a plan. you got to sit down and figure out how are we going to grow this business because getting equity means that whatever investors you re going to speak to are going to look at okay, what will eventually be my return from this. why do you think equity? why not a loan of some sort? i got the impression simply that he seems to have said he exhausted the loan avenue. i would absolutely recommend a loan but i got the impression that that avenue was exhausted. so if it hasn t been i would do that and again, as i said, for some of the things that they are doing i would definitely figure out are there state sources of funding that will fill that hole. cozy, have you had experience needing operational funding? absolutely. i agree, you need a plan for sure. i think one element that gets lost with a lot of people especially ceos is that they need to be continuously
specifically what you do look for government sources of funding, state sources of funding for example for a lot of what you to but it sounds like what you need is equity and if you re going to raise equity, you have to have a plan. you got to sit down and figure out how we are going to grow this business because getting equity means whatever investors are going to speak to are going to look at what will eventually be my return from this investment. why do you think equity, why not a loan? i got the impression that he has exhausted the loan avenue so i would absolutely recommend getting a loan but i got the impression that that avenue was exhausted so if it hasn t been, i would certainly do that and again, as i said, for some of the things that they re doing, i would definitely figure out are there state sources of funding that will be able to fill that hole. what do you think, cozi, have you had any experience needing operational funding? absolutely and i agree you need a plan
have been dramatically worse for the american economy, so unemployment would have been much higher. the economy would not be growing today and the fiscal burden for the country, for the future for our children would have been dramatically higher, trillions of dollars potentially for us. so this was a classic example of the basic reality of governing by principle, which is you do what is right in the interest of making things better, even if it s short-term politically costly because the consequences are likely to be worse longer term. so i m sure it was a better strategy than those alternatives. and what you see today in the financial sector is fundamentally a reflection of the fact that the economy is growing again and people can borrow again. so it s not a sign of it s a sign of strength, not a source of concern. you cannot have a system in which a financial system earns money without people being able to borrow again, raise equity, raise debt and that is what is necessary to allow
of concern. you cannot have a system which a financial system earns money without people being able to borrow again, raise equity, raise debt, that s part of what is necessary to let economies grow. you cannot have growth without credit. when credit is available you will see banks starting to be able to be in business again. the way you guys have been and the administration have been handling this has been the stimulus package, help on the mortgage front, help with the auto sector, the federal reserve has been pumping liquidity into the system. at some point that has to end. do you worry that when the federal help to the economy starts tapering out, we will be in for a double dip? i m not worried that the reason i m not worried is because i think we re going to be careful not to put on the brakes before we re more confident. you have a private sector that can withstand the effects of the