Quote:
Originally Posted by Bucking Bar
Teaching kids not to keep promises to pay only creates a moral hazard.
When guys like me realize we're the ONLY ONES paying our bills, we'll start moving away from places with systems we deem "unfair."
I'm nearly giddy that Hank Greenburg is suing the US government over the AIG fiasco. About time.
75 trillion in BOA derivatives just got backstopped by the FDIC.
Read that again. Its not a misprint. 75
trillion.
We're in for a nasty ride. All the more reason we need ultra strong scope on our end and a management team that can compete and win on the other end, rather than trying to perpetually outsource its own core product. This economy will be a huge game of musical chairs for our industry; there won't be room for everyone when the music stops, let alone all the fantasy orders, options and MOU's for next gen airline "growth plans". It is a zero sum game and there will be losers. Big time. We need to figure out how to win rather than just merge-downsize-outsource.