Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Well, yeah.

In any capital-intensive business with highly inelastic supply and demand curves, even a moderately sized business is too big to fail.

It's not like a stock brokerage - these guys actually do useful stuff for a living, so you can't just take them out of circulation without having some kind of contingency plan.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri May 21st, 2010 at 03:18:22 PM EST
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these guys actually do useful stuff for a livingdying


'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Sat May 22nd, 2010 at 08:55:49 AM EST
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