Random Thoughts on WALLSTREET

TOO DAMN BIG TO FAIL/SUCCEED

When the bank bailouts began and everyone was worried that if they failed the world would come to an end, a lone economics professor said in an interview that this idea was nonsense. If they were allowed to fail other business interests would gobble up their various parts at bargain rates, thereby keeping the businesses afloat and downsizing the ‘too big to fail’ at the same time. There could be many other ways that the government could help restore confidence to the market besides paying off the vicious, greedy assholes who made their fortune by destroying ours.