Large Entities Need a Living Will

In today’s Wall St. Journal there is an article about the big banks, the ones that are too large to fail, needing a Living Will. For some time I have been thinking that large municipalities, or perhaps regions, need a Living Will.  So, if it is a good ideal for a big business, it would probably be appropriate for a large public entity.

I think if we talked about cities needing a Living Will, rather than a recovery plan, more people might understand that and do something about it.

Your comments are invited.

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