Sun 23 Nov 2008
Somewhere there should be a rule that those who did not anticipate the disaster should be prevented from vain attempts, with taxpayers’ money, to end a financial disaster. This would be particularly applicable to those who claimed that with their skills a disaster was impossible.
As the old saying goes: “Capitalism without failure is like Christianity without hell”. We used this decades ago and Warren Buffet used it last May.
– Bob Hoye