Posted by: CJ | April 1, 2009

Why is it so hard?

Banks being too big to fail is one thing. How did GM ever become too big to fail? Why is it too big to fail? There is something in how businesses work and the history of both GM and the working class in America that I feel I do not properly understand.

Regardless, the current events are the crazed actions of individuals and groups with a horrendous problem, no good options, and a world of consequences for all of the realisitic responses. But it frustrates me that I do not understand more than that.

Many people have said something about it today and written good posts. Here’s a smattering of the ones I’ve read:

  1. Ezra Klein
  2. Kevin Drum
  3. Francis Cianfrocca

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