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Archive for February, 2009

Moral Harzard

A deal is a deal, at least that’s what our economic foundation was founded on.  I said “was” because as the economy spiral downward, a lot of deal that made sense before all of a sudden doesn’t.  And people at the short end of the stick are starting to cry foul.  I read this story in NYT this weekend about Dow Chemical’s aquisition of a campany called Rohm & Hass.  Almost every opinion in the article agrees that the deal doesn’t make sense in this economic time.  But the opinions also agreeded that a deal is a deal and it should be completed as agreeded.  It’s hard to argue against something so fundamental.

Add comment February 10th, 2009


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