Saturday, May 12, 2012

too big to fail ? ... then just right to nationalize

we need to nationalize and sterilize these big bastard outfits

wait till they faulter and knock em off one by one

nationalization needs a codified set of conditions
with codified measures

examples:

 a "you're fired"  line
drawn  at some carefully determined socially optimal  layer
 of the decider /actor hierarchy


only certain classes of securities get a hair cut

obviously there has to be a codified path
 to restored autonomy
including pre conditions for an IPO