3 ms·
By knowing the taxpayer has to bail them out of really big mistakes: While the going is good, bonus are had for an upper crust of society. When going is bad,
by dfsddfas 8y ago
By knowing the taxpayer has to bail them out of really big mistakes:
While the going is good, bonus are had for an upper crust of society.
When going is bad, normal ppl loose their pensions.... and bonus are distributed anyways to congratulate the upper crust of successfully lobbying for a bail out.
The net effect? The upper crust got relatively wealthier than the poor.
The above is technically not criminal. But then there is insider trading, interest rate fixing, falsely signing up ppl for services.
Do you live under a rock?
- rootusrootus 8y agoThe criminal stuff we should definitely try to fix, sure. And I agree that "too big to fail" should really translate to "immediately needs to be broken up into pieces small enough to fail" but other than that your critique is pretty vague.