Sunday, January 31, 2010

File under "No Shit - Really?"

It's called moral hazard folks; along with an implicit government guarantee that allows these financial firms to raise capital more cheaply than their competitors. All the more reason to never have bailed them out in the first place, or barring that, nationalizing them.

in reference to: Newsvine - Watchdog: Bailouts created more risk in system (view on Google Sidewiki)

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