http://www.concurringopinions.com/archives/2008/07/fraying_the_soc.html The Law, the Universe, and Everything Tue, 14 Feb 2012 05:18:12 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.concurringopinions.com/archives/2008/07/fraying_the_soc.html/comment-page-1#comment-48172 James Grimmelmann Thu, 24 Jul 2008 22:16:31 +0000 http://www.solove.org/archives/2008/07/fraying-the-social-contract.html#comment-48172 The usual "too big to fail" argument is that everyone else will suffer if we don't bail out this particular set of risk-takers. Your post makes me wonder whether that mightn't be a good thing now and then. It would encourage everyone else to keep a close eye on the risk-takers and to avoid getting their own affairs too entangled with them. We just need to find someone who's not quite too big to fail. The usual “too big to fail” argument is that everyone else will suffer if we don’t bail out this particular set of risk-takers. Your post makes me wonder whether that mightn’t be a good thing now and then. It would encourage everyone else to keep a close eye on the risk-takers and to avoid getting their own affairs too entangled with them. We just need to find someone who’s not quite too big to fail.

]]>