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The Fed: On the Cusp of Moral Hazard
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$30 billion bailout for a company with $16B in revenues and $6B in market cap pre-fed involvement. Negotiated in secret. And without congressional authority or mandate.
It's infuriating.
Mar 24 11:18 am
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56 comments
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$30 billion bailout for a company with $16B in revenues and $6B in market cap pre-fed involvement. Negotiated in secret. And without congressional authority or mandate.
Mar 24 11:18 am
|Rating:
0
0
All Comments by pacalis »The Fed: On the Cusp of Moral Hazard [View article]
It's infuriating.