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Post Info TOPIC: Bank bailouts explained


Guru

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Posts: 825
Date: Jan 31, 2011
Bank bailouts explained
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Where is the "moral hazard" for the banks?

I guess that is only for the "little people".

If the Ivies had been invested in GM stock, would it have been "bailed out" free and clear without having to go through bankruptcy and wiping out its previous shareholders? 

Being inequitable and even unfair is workable as long as the "system" is functioning to create prosperity for ordinary citizens.

But the "system" is failing. We are at +25% un- and underemployed. How bad do things have to get?

-- Edited by BigG on Monday 31st of January 2011 07:53:55 AM

-- Edited by BigG on Monday 31st of January 2011 07:54:33 AM

-- Edited by BigG on Monday 31st of January 2011 07:56:00 AM

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Senior Member

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Posts: 356
Date: Jan 29, 2011
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http://www.youtube.com/watch?v=yipV_pK6HXw "> http://www.youtube.com/watch?v=yipV_pK6HXw 

This is worth watching.



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