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| Re: JP Morgan Chase Execs Vaporize $2B (941346) | |||
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Re: JP Morgan Chase Execs Vaporize $2B |
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Posted by AlM on Mon May 14 13:29:48 2012, in response to Re: JP Morgan Chase Execs Vaporize $2B, posted by Chris R16/R2730 on Mon May 14 13:08:30 2012. 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.When a bank is sitting on the economic equivalent of a hydrogen bomb, government can't stick to its guns. The Bush Administration tried valiantly with Lehman Brothers and we all paid the price. I don't blame them - it was worth a try. But they learned their lesson and did the right thing (ugh) with AIG and others. The Lehman Brothers failure has unfortunately cost us all a lot more money than thr bailout did. |
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