TheLittleGuy

It Wasn't a 'Bailout'

We had a great illustration of a modern day bank run. This illustration was followed nicely by another modern day example of moral hazard. The FED is on a slippery slope now. Bear should have been the object lesson for the rest of a greedy industry. Companies that go under file for bankruptcy and its assets and liabilities are handled in an orderly fashion. Now, will the FED help with settling the approaching storm of shareholder lawsuits too?