The Defense Rests: The selective abandonment of moral hazard

Mar 24, ’09 3:53 PM
Author ti Categories little imbroglios

So, let me get this straight, we are socializing the loss but privatizing the gain. While shareholders in the banks will be rewarded for the incompetence shown by their executives, taxpayers will be left holding worthless assets. Seems like a good deal, huh? @

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