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Re: JP Morgan Chase Execs Vaporize $2B

Posted by Chris R16/R2730 on Mon May 14 13:08:30 2012, in response to Re: JP Morgan Chase Execs Vaporize $2B, posted by AlM on Mon May 14 13:02:59 2012.

That's why we need effective rules that prevent banks from taking the chances that can lead to a bailout.

Said rules generally restrict the activity that leads to growth. The only effective way to stop irresponsible management is to make it clear that there is no way the government will clean up your mess. You make it, you drown in it. This policy will lead one or two big banks to test the theory, using the "too big to fail" strategy, but if the government sticks to it's guns, every other bank will learn a valuable lesson.


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