blondino

Bailouts: Misunderstanding the Moral Hazard

"Don't add punitive consequences or they won't participate ."
what's this BS??? if they have no choice but to 'participate' than what the f*ck is this argument??? if they're not forced to 'participate' they're either running a healthy business or are in the midst of a cover-up operation in which case there should be some investigation into top execs personal liability...