WOW!! This is amazing stuff!! This implies that the best way to save one troubled financial institution is to destroy a healthy one… All the MBA books are naturally being re-drafted from scratch!!
The big question is: How does the Fed have the power to fire the Board of a public company, especially if this Board is trying to protect their shareholders’ best interests? Shouldn’t that be the shareholders’ job?!?
However, the world seems to be focusing on another issue:
Should they stay? OR Should they go?
Let’s make this debate more interactive (since most of us have currently nothing better to do anyways…): What do you think dear Readers?
2 comments:
I will have to side with Meredith on this. Firing Kenny after making him ride an 8-hour train to get to DC in order to be publicly humiliated would be just plain mean. It would also significantly reduce our daily inflow of Balcony-worthy material...
I concur... After all, he was allegedly forced into this mess.
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