Friday, December 12, 2008

Pheonix rising (eventually)

A quick thought: as I read more and more of the continuous flow of bad news at the company level and of some investment funds, I keep thinking of how much better the system will be after the crisis is over. One hopes that the fraudulent investment funds, the poorly run companies, and the weaker business plans will all fall by the wayside. This crisis could see strong companies emerge, as a pheonix does, from the ashes of the current inferno. Of course, many bad companies will simply be bailed out, but I don't think that the government will save investment funds.

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