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OK. What reason do the bailed-out institutions now have to avoid such irresponsible behavior in the future? Previously, they had "it might ruin us." Now? If we
by billybob 16y ago
OK. What reason do the bailed-out institutions now have to avoid such irresponsible behavior in the future? Previously, they had "it might ruin us." Now?
If we've merely postponed this problem and are waiting for Round II, then yes, we should have had the guts to have a depression resulting from irresponsible investments rather than a depression resulting from irresponsible investments AND governments up to their nostrils in debt.