Congressional Panel Suggests Firing More People

Terrifying: “A congressional panel overseeing the U.S. financial rescue suggested that getting rid of top executives and liquidating problem banks may be a better way to solve the economic crisis.”

Read the whole Bloomberg report here.

If the company heads should go, let the firms fail, let them go into normal bankruptcy proceeding, let shareholders replace the leadership. We have a system. It has worked before. Let it keep working.