Just cut them lose for pete’s sake. You do not raise a sunken ship. The Titanic would be on display in a Museum if it were feasible.
Let these things die. In a free market system, risk management is important -- it's what makes one business more successful than another. But if major corporations believe that there are no risks -- that the taxpayers will always bail them out -- then we face disaster. The financial sector must learn that mistakes cost them a lot of money. I have no willingness to rescue or overhaul these people.
“You do not raise a sunken ship. The Titanic would be on display in a Museum if it were feasible.”
Jeez, why didn’t you tell Barack Obama about this? He was desperately seeking shovel-ready projects for the stimulus funds. Surely it wouldn’t have cost more than $10 to $20B to raise the Titanic and put her in a museum...