Deep Thoughts...

Ramblings of the easily distracted... Hey - what's that?

Thursday, October 23, 2008

Too Big to Fail... and getting Bigger.

Listened to Robert Reich on NPR last night - Are corporations that are "too big to fail", just too big?

Why would the government, whose role used to be to prevent monopolies (and companies getting too big) via Antitrust laws, be promoting JP Morgan Chase's acquisition of WaMu, Bank of America's acquisition of Merrill Lynch, and almost - Citi's acquisition of Wachovia?

It's an interesting read - I encourage you to read Robert Reich's blog.

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