Comments on: Too Big to Fail? Or Too Big to Exist?

By: The Log

The Log — Wed, 01 Apr 2009 20:29:12 +0000

Hard to believe that we save em and save em and save em until there is so little left to save…intervention in Chrysler was a bad idea then, and a worse idea now…amazing fun facts:

the total cummulative profits of GM since founding is? yes, ZERO.

Similarly, the total amount of the “stimulus package” is equivalent to the to the sum total of monies spent in IRAQ war 2 thru 2010.

The stock market has given back over one half of all gains since the absolute bottom in 1932 at 41, yes you read that right, forty one in the DOW, in 1932.

Now how ya feeling? Hug your children, the dream is gone.

By: Ed

Ed — Tue, 17 Mar 2009 06:41:37 +0000

Thanks for saying so succinctly what so many of us have struggled to adequately express.

Even the baby bells were eventually large enough to inspire criminality. Ebbers, Nacchio, Winnick et al. gave us a taste of too big and too unregulated nearly a decade ago. Too bad we didn’t see Hobbes’ writing on the wall.

By: lailani

lailani — Mon, 09 Mar 2009 19:46:23 +0000

I have a very capitalistic point of view when it comes to these big companies being kept afloat- WHY??? If they aren’t profitable, why do they need to stay in business? It seems so simple, but I understand that there are many downstream effects for the businesses that these companies deal with. But still. Why must I pay to keep a company going that has driven itself into the ground?

By: Emily

Emily — Sun, 08 Mar 2009 05:12:41 +0000

So very true! Awesome post!