Wednesday, August 10, 2011

Too Big To Fail

Too often lost in this discussion is that even if institutions (corporations) are reasonably considered to be "too big to fail," it doesn't mean that their shareholders are too important to be wiped out, and it certainly doesn't mean that management is too important to get their pink slips.

Maybe you save the company. Maybe you even save the shareholders. You certainly don't save the assholes that drove their companies and the economy into the ground.