Too often,he added, it is violated by the sin of men, by neglect,by private and selfish interests and by perverse logic and all types of speculations.
VOA: standard.2009.10.10
As simple logic tells us, private sector businesses that destroy capital in the way governments do are happily starved of funds so that more effective stewards can replace them as investment recipients.
If Farley figures that liquidated companies cut more workers than those that emerge from bankruptcy, then by the same logic he might conclude that junk-rated defaulting companies backed by private equity are probably more likely to fire and not hire than investment-grade companies.