[BilLies]

IIRC Nixon let the Penn Central fail in the seventies because of managerial and union incompetence. In the twenty-first century Washington rewards managerial and union incompetence because our government, elected and bureaucratic, promotes both.

[Mouton]

I think Penn Square BANK came a good decade after Nixon....it was a bank declared insolvent in 82. On Penn Central, you would be correct.