One of the many problems associated with the current financial downturn is that many firms were deemed too big to fail.
This fact served as the premise for those in Washington and on Wall Street to assert that these institutions should not be allowed to go into bankruptcy.
To big to fail was THE reason that the government had to step in.
So what have the policy makers and power brokers done...
Made the institutions bigger:
Here we go again.
9.02.2009
Too Big To Fail??
Posted by MC at 7:45 AM
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1 comments:
Stop the ride, I want OFF!
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