Seen on the street in Kyiv.

Words of Advice:

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

“The Mob takes the Fifth. If you’re innocent, why are you taking the Fifth Amendment?” -- The TOFF *

"Foreign Relations Boil Down to Two Things: Talking With People or Killing Them." -- Unknown

“Speed is a poor substitute for accuracy.” -- Real, no-shit, fortune from a fortune cookie

"If you believe that you are talking to G-d, you can justify anything.” — my Dad

"Colt .45s; putting bad guys in the ground since 1873." -- Unknown

"Stay Strapped or Get Clapped." -- probably not Mr. Rogers

"The Dildo of Karma rarely comes lubed." -- Unknown

"Eck!" -- George the Cat

* "TOFF" = Treasonous Orange Fat Fuck, A/K/A Dolt-45,
A/K/A Commandante (or Cadet) Bone Spurs,
A/K/A El Caudillo de Mar-a-Lago, A/K/A the Asset., A/K/A P01135809

Tuesday, November 25, 2008

Moral Hazard

The "conservatives" like to bleat about "moral hazard" as a reason to let GM and other companies fail. The thinking is that companies will not learn their lessons unless some of them fail as a result of their mismanagement.

There may be something to that. But we are not getting there with the bank bailouts. If anything, the message the banks are receiving is that if they are large enough, it doesn't matter what they do, Uncle Sam will be there to prevent them from failing. Yet we can't let the economy collapse and shatter just to teach the banks a lesson.

So what can be done? I don't know, as passing new laws doesn't reach the bad actors who brought about this mess.

Maybe we really do need to bring back the guillotine.

1 comment:

Anonymous said...

I really think that some of the reluctance to help the automakers is a way for the right to stick a finger in the eye of labor. They want to kill the unions once and for all.