3 ms·
The more they interfere the worse it will be one day. Kicking the can of the inevitable meltdown. The first mistake was allowing banks to be “too big to fail”.
by nemo44x 6y ago
The more they interfere the worse it will be one day. Kicking the can of the inevitable meltdown. The first mistake was allowing banks to be “too big to fail”. The second mistake was bailing them out.
Buying corporate debt is simply another piece of the mistake puzzle. This making the entire system more and more fragile.
At a certain point you either believe in capitalism and free markets or you admit that you like a special type of socialism.