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Totally, if only they had been regulated and too big to fail as a result of regulatory capture, which is how our system works, the taxpayers would get to bail t
by memish 4y ago
Totally, if only they had been regulated and too big to fail as a result of regulatory capture, which is how our system works, the taxpayers would get to bail them out and award SBF a multimillion dollar bonus. Bailing out the banks and execs in 2008 to perpetuate this was just great.
Would you be surprised to learn that SBF was the champion for regulation, was advising congress and a top political donor?
- Apocryphon 4y agoDoes regulation inevitably lead to too big to fail?
- memish 4y agoThat's a good question. I would hope it's not inevitable, but you would need a system that is vigilant about avoiding regulatory capture.