Sunday, October 05, 2008

Fears? Make That Hopes

Fears are mounting that many Wall Street banks and financial firms will refuse to participate in the US government's $700bn bail-out package, leaving global markets and world economies in a perilous state for months to come.

Please. If fears of executive comp/golden parachute limits -- not to mention equity dilution -- force firms to try and weather the storm on their own rather than selling out to The People's Democratic Bank of Paulson unless they're already at death's door, let's all raise a glass to the power of unintended consequences. That would be an undeniable Good Thing.

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