Five Common-Sense Confidence Builders [View article]
Clueless populist idiocy - the fear in the markets is fear *of* the regulators, not of their absence. Hanging bankers does not restore the faith of bankers in government.
The western world simple has to decide this instant whether it wants to have a financial system. If it does, it must make it profitable to be a banker. Being hung or shot or tried or forced into bankruptcy doesn't count as "profitable".
Deadbeats stiffed bankers for $1.4 trillion in bad debts, and the entire political class of the west wants to murder those stiffed. They are therefore on strike.
You either defend the capitalists instead of attacking them, or you get no services of capital.
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Clueless populist idiocy - the fear in the markets is fear *of* the regulators, not of their absence. Hanging bankers does not restore the faith of bankers in government.
Oct 08 10:22 am
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All Comments by JasonC »Five Common-Sense Confidence Builders [View article]
The western world simple has to decide this instant whether it wants to have a financial system. If it does, it must make it profitable to be a banker. Being hung or shot or tried or forced into bankruptcy doesn't count as "profitable".
Deadbeats stiffed bankers for $1.4 trillion in bad debts, and the entire political class of the west wants to murder those stiffed. They are therefore on strike.
You either defend the capitalists instead of attacking them, or you get no services of capital.