Curt Schilling met with reporters in Fort Myers, Fla., on Monday, and he said if the shoulder rehabilitation he agreed to fails, his career could be over.
This policy transfers risk from the weak to the strong — or at least the less weak — setting up the possibility of the crisis ultimately spreading from the "too small to fails," like Greece, to "too big to bails," like members of the Group of 7 industrialized nations.
I mean the too big to fails. Maybe we could take those separately and sequentially, and start with the separation of business lines.
What is an investor supposed to say to that? "Yes, Mr. Entrepreneur, please take my $100,000 I earned building my company, and if your half-baked idea that you're so clearly not committed to fails and you haven't spent it all, feel free to burn the rest.
Up to $250,000 in either type of fund is backed by the federal government, so your money is safe, even if the bank you entrust it to fails (this guarantee is good until the end of this year, after which time the government will only insure $100,000 per account).
When it comes to fails, weddings take the cake.
