Trevor Stasik - About Me

Tuesday, September 9, 2008

En Passant: Fannie & Freddie Bailout

Another bailout, this time it's Fannie Mae and Freddie Mac! I am disappointed in how our country continues to bail out private enterprises. In my personal opinion, firms should be allowed to fail - otherwise it changes the whole risk-to-reward equation. When individuals, companies, and organizations are not exposed to the negative consequences of their actions, then it is far easier for them to be enticed to take greater risks. I suppose it's too much to expect fiscal restraint from Washington, especially when the polls will not support it. However, consider what actions you can take in your life and in your organization to show restraint and reduce risk.

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