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Sounds good, until the next bail out comes and private companies and their investors has to be saved.
by NumberCruncher 6y ago
Sounds good, until the next bail out comes and private companies and their investors has to be saved.
- cudgy 6y agoSo true, but next bailout? The bailout is continuous so long as the Fed keeps rates near zero, delaying the inevitable adjustments to asset prices and allowing large hedge funds with access to these extremely low rates to gobble up even more with little worry about the downside. Current Stock market is a primary example of this.
- petre 6y agoFacebook is not critical infrastructure like banks. Instead of bailing them out they can be simply let to go bankrupt.