Thursday, March 5, 2009
Bankruptcies-R-Us
I wanted to add a bit of P.S. to my last post. I think the government is finally ready to allow a few major belly-ups. For better-or-worse, probably a good development. The dead wood has to go. I think it should start with the financial sector but suspect it will not. So who goes next, perhaps a car manufacturer or two, a bank or two, who knows, but we need to start taking down once stellar companies for people to realize we have reached bottom.
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