We’ve been back and forth on this issue for the last couple days: can we manage the risks involved in letting some of the big banks and other financial institutions go into some sort of managed reorganization?

This afternoon on MSNBC NJ Gov. Jon Corzine — who, remember, used to be CEO of Goldman Sachs — says yes, we can and we should. We know much more about the condition of the banks and the implications of their (controlled) failure than we did in the crisis moments last September.