Too Big to Fail

Here's a great article from the Harvard Business School.

"Too Big To Fail": Reining In Large Financial Firms
http://hbswk.hbs.edu/item/6230.htmlFour little words have cost U.S. taxpayers dearly in government bailouts of once-mighty Wall Street firms. Congress can put an end to such costly rescues, says HBS professor David A. Moss, and the Federal Reserve could be a super regulator, adds senior lecturer Robert C. Pozen. But will Congress enact the regulatory cure that is required? From the HBS Alumni Bulletin.

Here is a Power Point presentation from another author that we will use in our discussion tonight.

Here's the report on Pres. Obama's reform proposal for the financial industry.

Obama urges biggest financial reforms since 1930s

Here's an interesting article about General Motors in the Harvard Business School Working Knowledge newsletter:

GM: What Went Wrong and What's Next
http://hbswk.hbs.edu/item/6229.htmlFor decades, General Motors reigned as the king of automakers. What went wrong? We asked HBS faculty to reflect on the wrong turns and missed opportunities of the former industry leader, and to suggest ideas for recovery.

Power Point Presentation from 6-16-09

Here's a great explanation of the current financial crisis.