If the U.S. were a stock, it’d be a penny stock

Posted by Al Lewis on December 23, 2011
Washington

If the United States were a publicly traded company, it’s stock would be plunging and its creditors would be dumping its debts, says former U.S. Comptroller General David Walker.

Walker is the founder of the Comeback America Initiative. If our nation fails to avert a debt crisis, you can’t say it’s because he didn’t warn us.

“If the U.S. Government was a public company, the Board would be calling an emergency meeting and the CEO would be conducting conference calls to calm nervous investors who might otherwise be shorting the stock and dumping their holdings in the company’s debt,” Walker said in a statement released today.

Click here to read Walker’s latest observations. And click here to read a column I wrote on Walker earlier this year.