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The Basement
Chrysler paid....
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<blockquote data-quote="John Norris" data-source="post: 30964" data-attributes="member: 155"><p>Re: Chrysler paid....</p><p></p><p>Seeing the title "Too Big Too Fail" for an upcoming drama made me think of a phrase used by my favorite economist, Simon Johnson: "If (a financial institution) is too big to fail, then it's too big to exist." Here's a sample clip from the clear speaking Johnson, who was chief economist at the IMF, and who now teaches at the Sloan School at MIT. </p><p></p><p>He smells a rat.</p><p></p><p><a href="http://www.youtube.com/watch?v=leseSiJnLFw&feature=related" target="_blank">http://www.youtube.com/watch?v=leseSiJnLFw&feature=related</a></p></blockquote><p></p>
[QUOTE="John Norris, post: 30964, member: 155"] Re: Chrysler paid.... Seeing the title "Too Big Too Fail" for an upcoming drama made me think of a phrase used by my favorite economist, Simon Johnson: "If (a financial institution) is too big to fail, then it's too big to exist." Here's a sample clip from the clear speaking Johnson, who was chief economist at the IMF, and who now teaches at the Sloan School at MIT. He smells a rat. [url]http://www.youtube.com/watch?v=leseSiJnLFw&feature=related[/url] [/QUOTE]
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