Too Big to Fix

Originally Posted November 24, 2008

The media is full of discussion about huge organizations that are being bailed out with taxpayer money because they are “too big to fail”. According to the arguments, letting a General Motors, a CitiGroup, or any of dozens of other compnies fail would result in unacceptable consequences in terms of the economy and job losses.

What I wish someone would talk about is whether these mega-corporations are really too big to fix. Rather than putting them on public life support, would it be better to let them slip away into history?

Fly Safe!
Neil