Do not give in to Evil, but proceed ever more boldly against it
With respect to the credit ratings and debt monsters, I like what Karl Denninger has to say. Too big to fail = Too big to exist.If AIG or Citi or any of them are too big to fail, then they are too big to exist and should be broken up and sold off piecemeal. EricIII
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With respect to the credit ratings and debt monsters, I like what Karl Denninger has to say.
ReplyDeleteToo big to fail = Too big to exist.
If AIG or Citi or any of them are too big to fail, then they are too big to exist and should be broken up and sold off piecemeal.
Eric
III