3.29.2009

Good unintended consequences

I'll bet good money companies will be thinking twice before accepting any more government money. Congress' bumbling of the AIG bonuses to people that earned them pretty much guarantees no company will be going back to Congress for free money, no matter how bad of shape they are in.

I'm sure there's a sociology term for a situation someone screws up so badly its a net gain. The inverse of the Peter Principle.

Now if they can screw something up to make individuals realize that they are morally obligated to pay back their loans.

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