Unclear on the concept
The front page of the newspaper today is all about how AIG is "too big to fail", and is so big that it dominates its part of the financial market, and would cause financial apocalypse if it failed, and that's why the government has been pouring so much good money after bad into propping it up.
The front page of the business section is a big splashy story about how IBM is trying to buy out Sun Microsystems.
I realize this is a different industry, but still. It makes me think. Like, hello, should we maybe be a bit more conservative about allowing mergers between companies that already own big market shares of their industry?
Could we maybe be thinking longer term about not letting companies get "too big to fail", to the point where they can count on us bailing their asses out from the consequences of bad business practices, because they are so huge that they'll take the economy down with them?
Call me crazy.
The front page of the business section is a big splashy story about how IBM is trying to buy out Sun Microsystems.
I realize this is a different industry, but still. It makes me think. Like, hello, should we maybe be a bit more conservative about allowing mergers between companies that already own big market shares of their industry?
Could we maybe be thinking longer term about not letting companies get "too big to fail", to the point where they can count on us bailing their asses out from the consequences of bad business practices, because they are so huge that they'll take the economy down with them?
Call me crazy.