Burt Dragin

Too vital to fail

Bailouts are for businesses -- but what about essential services?

OPINION The "too big to fail" rationale is a mystery to citizens forced to fund these billion-dollar ventures.

Suppose an entity is not too big but "too vital to fail"? Which power broker bestows standing to even ask for a bailout? I started thinking about "too vital to fail" when two seemingly unrelated incidents intersected in my consciousness, one a tragedy, the other simply heart-breaking.

The first incident happened in Oakland, eight blocks from where I teach journalism. A local editor was gunned down in a brazen daytime assassination. Read more »