Comments on: Failing to Heed the Lessons of Enron http://www.concurringopinions.com/archives/2008/03/failing_to_heed.html The Law, the Universe, and Everything Tue, 14 Feb 2012 05:18:12 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jay Levitt http://www.concurringopinions.com/archives/2008/03/failing_to_heed.html/comment-page-1#comment-49881 Jay Levitt Wed, 19 Mar 2008 03:04:57 +0000 http://www.solove.org/archives/2008/03/failing-to-heed-the-lessons-of-enron.html#comment-49881 Is it that surprising, though? Bear Sterns failed because it couldn't manage money. Bear Sterns is composed of its employees. Therefore, those employees, collectively, couldn't manage money. Why would we expect them to make wise investment decisions with their own money? They're demonstrably no good at that very task. Is it that surprising, though?

Bear Sterns failed because it couldn’t manage money.

Bear Sterns is composed of its employees. Therefore, those employees, collectively, couldn’t manage money.

Why would we expect them to make wise investment decisions with their own money? They’re demonstrably no good at that very task.

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