Maybe "Too Big to Fail" is just Too Big
 

I heard Robert Reich on NPR Marketplace last night and just went and found his commentary -- it's a really interesting take on the "too big to fail" reasoning and the impending merger of GM and Chrysler.

You can read the text here: http://robertreich.blogspot.com/2008...heyre-too.html

Or listen to it here: http://marketplace.publicradio.org/d...too_big_reich/

The gov should not approve the merger. If they are too big to fail then they are too big and they are probably a monopoly. They should not have approved all the banking mergers or the Exxon/Mobile merger either.

An interesting counterpoint to the anti-merger argument --- that it would be beneficial to the 3rd of the "Big 3" if GM and Chrysler merge: http://www.forbes.com/2008/10/27/aut..._1028ford.html