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Thank you, it is endlessly frustrating that this debate is always framed as "extraordinarily generous no-strings-attached bailout" vs "allow them to perish in f
by AndrewBissell 7y ago
Thank you, it is endlessly frustrating that this debate is always framed as "extraordinarily generous no-strings-attached bailout" vs "allow them to perish in flames," when there is always the alternative of a "bail-in" which requires executives and shareholders to take some of the pain, secures a much more concrete and measurable benefit to taxpayers, and thus helps avoid worsening the moral hazard problem we are drowning in.