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Why would they regret being bailed out? In these circumstances, society requires safety valves where we can freeze financial activity to address more pressing c
by loopz 6y ago
Why would they regret being bailed out? In these circumstances, society requires safety valves where we can freeze financial activity to address more pressing concerns. Such mechanisms need improvements. But the crisis do highlight practices of ie. stock buybacks where short-term thinking is encouraged and even rewarded. These are just prelude to the next financial meltdown, unless mitigated beforehand.