As the stock market continues to fill the pockets of hedge fund managers and CEO’s, the echoes of 2008 are fading from memory. The litany of “too big to fail,” it would seem, has served its purpose.
Two of the few legitimate successes from the TARP bailout are Detroit’s General Motors and Chrysler, both of which have repaid their respective loans of $13.4 and $4 billion and survived the Great Recession intact.
How ironic that the Motor City, which nurtured these economic giants throughout much of the last century, has itself failed.
Last Tuesday in federal court, Judge Steven W. …