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  • The Fed: On the Cusp of Moral Hazard [View article]
    MrLagom

    I was unable to find the SEC commission filing you mention. Could you give us a little more detail: type of filing and date perhaps.

    Also the telegraph link is confusing. More detail please.
    Mar 24 18:44 pm |Rating: 0 0 |Link to Comment
  • The Fed: On the Cusp of Moral Hazard [View article]
    This is not compassionate conservatism anymore. It is compassionate capitalism because a pure market failure is not palatable to this administration at this time of election year survivorship.

    Why JPM and why Bear? Bear's investors would have done better in chapter 11 and let the market set the price for exiting bankcruptcy. Compassionate capitalism is putting the interests of political survivorship or powerful interests survivorship ahead of economic market survivorship.

    Instead of remaining a lender of last resort, the Fed in this move and almost all other moves has become the lender of compassionate resort. In doing so it has raised all these questions of adverse selection and moral hazard.

    We are beginning to look more like 'old Europe' it is not?
    Mar 24 12:01 pm |Rating: 0 0 |Link to Comment
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