Charlie Gasparino: Another Crash 'Has to Happen Again' [View article]
Not to absolve government, but these dopes would have immolated even without the incentives. Moral hazard is such an over-played card. Did all the shareholders and bond-holders of LEH really expect to get bailed? Well that was wrong, wasn't it? Same with ma and pa Citi shareholder. And then we get half-wit tinpot commentary from financial illiterates.
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Not to absolve government, but these dopes would have immolated even without the incentives. Moral hazard is such an over-played card. Did all the shareholders and bond-holders of LEH really expect to get bailed? Well that was wrong, wasn't it? Same with ma and pa Citi shareholder. And then we get half-wit tinpot commentary from financial illiterates.
Nov 05 16:33 pm
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All Comments by wobatus »Charlie Gasparino: Another Crash 'Has to Happen Again' [View article]