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While perusing my blog reader, I noticed an interesting headline on A VC, Bustup Not Bailout.
Certain that the post was related to the current issues facing GM and Ford, I read on. I worked briefly at one of the large U.S. automotive companies, so the topic is of particular interest to me. Also, as the title suggests, there are options to a pure bailout, and they should be considered. If we, the taxpayers, choose to allow our government to subsidize a failing business or industry, shouldn’t the monies come with significant conditions?
Most striking to the post was the quote “too big to fail means too big to exist”. Although it’s origin is unknown to me, it was at least uttered recently by Sen. Bernie Sanders of Vermont.
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