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> That's fine, just let me know when you have an alternative. Here are the alternatives: 1. prosecute the bankers and send those to jail who broke law, instead
by RestlessMind 6y ago
> That's fine, just let me know when you have an alternative.
Here are the alternatives: 1. prosecute the bankers and send those to jail who broke law, instead of just fining those banks a few millions.
2. severely curtail risk taking abilities and bonuses if a bank depends on any explicit or implicit govt guarantees. Implicit benefits include access to cheap fed loans (ZIRPs), QEs, counterparty risks (eg. beneficiaries of AIG bailout) etc.