Lew Hodgett wrote:

The subject takes me back to 1960, a few weeks before graduation.

Was in an industrial engineering class, the instructor had spent a
lifetime in the real world, and up to then, not much in the class
room.

The subject of the Edsel, the 1958 FoMoCo screw up, the largest
business screw up since the Curtis-Wright mess of 1940, was brought up
for discussion.

Still remember the instructors advice:

Class, if you are going to screw up, make it as big as possible.

They fire you for making small mistakes.

They won't fire you if the mistake is big enough because that will
make the guy who hired you look like an idiot.

Almost 50 years later, sounds like there is about to be a repeat
application of that advice.

Lew

Yep, despite the fact that the congress-critters like Barney Frank and
Chris "Country-wide" Dodd caused the problem by using Fannie Mae and
Freddie Mac as their own playground to essentially socialize the mortgage
market by setting standards so low that just about anybody could get a loan
to buy a house, these congress-critters are going to continue get
re-elected and now get even more taxpayer money to "manage" the bail-out of
the problem they caused.

Talk about the ultimate promotion.

--
If you're going to be dumb, you better be tough