elcopone

Too Big to Fail, Or Too Dumb to Survive?

Agreed, the "too large to fail" argument is getting old. Th cost of inaction must be rivaling the cost of action at this point. And the sad thing is for all the bailout money already spent, no one even knows if it even worked. Had the government not bought Wall Streets egotistical "too large to fail" argument, they would be in Chapter 11 with a clearly defined plan to keep operating and emerge. As it is, you now have increased consumer distrust due to the lack transparency around the bailouts.

What does it say about our government when AIG execs are more scared of lawyers opinions and their own executive's potential lawsuits than they are about the governments wrath?

The biggest problem with the Wall Street bailout is that it's being run by Wall Street.