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A few billion in profit doesn't come close to canceling out the moral hazard involved. Privatizing profits but socializing losses creates perverse incentives,
by SamPatt 3y ago
A few billion in profit doesn't come close to canceling out the moral hazard involved.
Privatizing profits but socializing losses creates perverse incentives, besides being deeply unfair.
- JumpCrisscross 3y ago> few billion in profit doesn't come close to canceling out the moral hazard involved Sure. But the reforms enacted thereafter do.
- SamPatt 3y agoSure. Words speak louder than actions, right?
- JumpCrisscross 3y ago> Words speak louder than actions The second, third and fourth largest bank failures in the nations history weren’t actions?