Comments on: The Big Takeover http://www.richarddooling.com/index.php/2009/03/29/the-big-takeover/ Novelist, Screenwriter, Fugitive Lawyer, Code Monkey . . . Sun, 11 Jul 2010 16:27:30 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Richard Dooling http://www.richarddooling.com/index.php/2009/03/29/the-big-takeover/comment-page-1/#comment-9048 Richard Dooling Sun, 12 Apr 2009 05:34:30 +0000 http://www.richarddooling.com/?p=598#comment-9048 I guess I was even more reckless. Last fall, when they first floated the theory that A.I.G. was too big to fail, I was stunned. An INSURANCE company? How did that happen? If the entire system became that fragile and corrupt, then we should have let it implode so we can start over with fresh players and fresh rules. RD I guess I was even more reckless. Last fall, when they first floated the theory that A.I.G. was too big to fail, I was stunned. An INSURANCE company? How did that happen? If the entire system became that fragile and corrupt, then we should have let it implode so we can start over with fresh players and fresh rules.

RD

]]> By: Freehawk http://www.richarddooling.com/index.php/2009/03/29/the-big-takeover/comment-page-1/#comment-9038 Freehawk Wed, 08 Apr 2009 16:08:18 +0000 http://www.richarddooling.com/?p=598#comment-9038 My thinking lately has gone like this: Let us stipulate that we can't afford to let the financial giants fall because any one would take the whole economy with it (lots of imagery there). Instead of pumping all that money into keeping them alive, would it be better or worse (or no different) to pump that money into the feared effects of the falling giants, either in anticipation, or after the fact? I honestly don't know the answer. But are these giants worth saving? Did they get too big for society's good? My thinking lately has gone like this: Let us stipulate that we can’t afford to let the financial giants fall because any one would take the whole economy with it (lots of imagery there).

Instead of pumping all that money into keeping them alive, would it be better or worse (or no different) to pump that money into the feared effects of the falling giants, either in anticipation, or after the fact?

I honestly don’t know the answer. But are these giants worth saving? Did they get too big for society’s good?

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