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the small side of too big to fail

April 14th, 2010 at 10:18 pm

Saving log - $2 tip box
Spending log - $1.75 coffee
Found money - $0.01 (parking meter)

Saving log - $3 tip box
Spending log - $0 (free coffee)
Found money - $0.03 (car wash parking lot, bus stop, crosswalk)

Saving log - $0
Spending log - $1.75 coffee
Found money - $0.03 (bus, carpet, road)

Not much happening. Went to a group cycling class at the gym today for the second time. Up down, up down, down .... how does Lance Armstrong do it? A little padding "back there" would have been much appreciated. Still holding at 169.

With the few pennies this week, I broke $38; I'm at $38.02 in found money.

I've been following, with much amusement, the grilling of Kerry Killinger, the 25 million dollar rat of WaMu. "We should have been given a chance" he said. And there in lies the crux of too-big-to-fail. Its all a gradient. Apparently WaMu was big, but slightly too small for too big to fail. So to avoid WaMu's fate, a bank has to make darn sure it is too big to fail - making them all even bigger moral hazards. Bailout be damned, the revenge side of me wants blood.

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