It came to me in the middle of the night. The Department of the Treasury and the Federal Reserve insist on throwing good money after bad by bailing out the AIGs, Citis, GMs, etal of the world. So far it has been entirely ineffective. The reason is that these entities have become the equivalent of financial black holes. The solution is fairly obvious. When you have a problem with black holes you don't hire economic consultants, you have to hire someone else to explain this phenomenon to you and give you ideas on how best to solve the issue. Who do you bring on as a consultant? Answer after the jump.
Stephen Hawking. Please call him before it is too late.
Stephen Hawking. Please call him before it is too late.
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