> So they got exposure to the upside of the bank's risk, but were bailed out of the downside.
This is a huge flaw in the current way things are operating, but it benefits those people making the decisions and their friends so I don't see it changing.
Facing consequences for bad investments is apparently something only poor people have to worry about. Which is insane.
This is a huge flaw in the current way things are operating, but it benefits those people making the decisions and their friends so I don't see it changing.
Facing consequences for bad investments is apparently something only poor people have to worry about. Which is insane.