Friday, August 10, 2012

Going from "too big to fail" to "too broken to save"

While I'm grateful that someone, somewhere, is starting to figure out private businesses that are failing need to be allowed to fail, the concept of a B of A or Well Fargo falling into a bloody oozing heap by the side of the economic road does scare the crap out of me.

However, as a former customer of both I can say that it probably is richly deserved.

1 comment:

Zendo Deb said...

YOu can't have it both ways.

Either you believe in markets, or you want the government to make it "safe" for you to bank.