Wednesday, May 20, 2009

They're Just "Too Big"

Glenn Reynolds links to a CNBC post about big banks. It reminded me of something Christopher Hitchens said awhile back: "'too big to fail' is two words too long". I'm not sure how we undo decades of consolidation, but, like the banks, I think the auto industry would be better with the small thirty-three than with the big three.

No comments: