Good banks bitter over bailout (user search)
       |           

Welcome, Guest. Please login or register.
Did you miss your activation email?
April 26, 2024, 07:01:01 PM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  General Politics
  Economics (Moderator: Torie)
  Good banks bitter over bailout (search mode)
Pages: [1]
Author Topic: Good banks bitter over bailout  (Read 1555 times)
○∙◄☻¥tπ[╪AV┼cVê└
jfern
Atlas Institution
*****
Posts: 53,736


Political Matrix
E: -7.38, S: -8.36

« on: March 07, 2009, 02:33:10 PM »

Moral of the story, it pays to screw up if you're "too big to fail".  Of course if you don't screw up and you're not too big to fail, you get screwed. Something like 80% of small businesses fail within 5 years, but no one bails them out.
Logged
○∙◄☻¥tπ[╪AV┼cVê└
jfern
Atlas Institution
*****
Posts: 53,736


Political Matrix
E: -7.38, S: -8.36

« Reply #1 on: March 07, 2009, 03:34:56 PM »

The actual moral of the story is not to force big banks to give subprime loans.  These banks failed because they were bullied by the federal government into practicing poor banking.

"Offered financial incentives" is not bullying. Blame is on all sides.

Exactly, no one forced the banks to be stupid. Not to say that some borrowers aren't to blame too, but the banks can stop trying to blame other people.
Logged
Pages: [1]  
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.031 seconds with 12 queries.