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Sure they remember. They remember that the last time this happened, taxpayers were fleeced to prop up the organisations and individuals who should have lost ev
by duncan_bayne 12y ago
Sure they remember. They remember that the last time this happened, taxpayers were fleeced to prop up the organisations and individuals who should have lost everything.
Google 'moral hazard' for a more detailed explanation.
- tzs 12y agoAnd they will do it again...one of the first things the new Congress did was repeal Dodd-Frank provisions that required banks to do some of their derivative trading in separate entities that were not FDIC insured.