The Stimulus Package

Professor S · 02-23-2009, 10:51 AM

Here we go!

http://www.politico.com/news/stories/0209/19165.html

If we won't let companies fail, we only enable more failure. LET THEM FAIL. The fact is whethere or not the assets they hold are toxic, they are worth a lot, and someone will purchase them and the company. If the government continues to enable this type of poor management, we will never see an organic, darwinistic reformantion of the financial sector.

Every great success is the result of failure. Failure informs us, while not letting companies fail simply promotes medicrity or worse. Its actions like these that will EXTEND our recession, not improve it.

Professor S · 02-23-2009, 01:10 PM