too big to fail...

PostmodernProphet

fully immersed in faith..
if a company has gotten to big to fail, then it is also too big to continue to exist....

the merger mania that has run rampant for the last twenty years is damaging our economy....

discuss....

for example, Sprint bought out Nextel.....to compete, Verizon bought out Alltell....

are we better off because we now have two fewer cell phone companies to compete for our business or are we worse off....
 
if a company has gotten to big to fail, then it is also too big to continue to exist....

the merger mania that has run rampant for the last twenty years is damaging our economy....

discuss....

for example, Sprint bought out Nextel.....to compete, Verizon bought out Alltell....

are we better off because we now have two fewer cell phone companies to compete for our business or are we worse off....

we are worse off.

Nobody is too big to fail.
 
Why?

Lehman Brothers was a medium sized firm, but the banking system is so interconnected that the Fed's decision to let it slide into bankruptcy nearly destroyed the entire system.

How do we know that?

Are we to believe the same bunch that allowed and even in many cases encouraged this meltdown to happen?
 
Ignorant proles like USC won't be happy until they're panhandling on the side of the rode.

LOL.

How do you know they are not the same ones? The ones I see on the nightly Business report are the same ones that not more than a year ago was telling us no problem just a little bump.

The 2 ratings agencies that rated the NINJA packages AAA are still giving advice and ratings, etc..

The only ones I tend to believe are the ones who saw this coming.
And actually said so before it happened ;)

btw I am a bit touchy tonight, I put yurt on ignore for jacking me around. The smartass.
 
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if a company has gotten to big to fail, then it is also too big to continue to exist....

the merger mania that has run rampant for the last twenty years is damaging our economy....

discuss....

for example, Sprint bought out Nextel.....to compete, Verizon bought out Alltell....

are we better off because we now have two fewer cell phone companies to compete for our business or are we worse off....



....and who is it that has spent years re-writing, neglecting and downplaying anti-trust laws while fighting regulation and promoting the "magic" of the "Free Market"?
 
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Why?

Lehman Brothers was a medium sized firm, but the banking system is so interconnected that the Fed's decision to let it slide into bankruptcy nearly destroyed the entire system.

any business that can cause the destruction of the entire system needs to be divided into multiple companies, so that it cannot destroy the entire system....
 
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