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Reverse Robin Hood applies to banks too email this discussion to a friend?

Angry Bear (0) 
7 months ago

The next time someone tells you that "the banks need help," just refer them to Barry Ritholtz:Talk about burying the lead: The Times also noted — in the very last paragraphs — how the big incompetent banks and their very pricey bailouts are screwing these small healthy banks:"Isn’t that the American way?" [Donald E. Goetz, the president of DeMotte State Bank] says, folding his arms. "Whoever is left standing, whoever was prudent, is always the one who has to pick up the pieces."The Geithner...

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tags:  moral hazard, risk management, solvency crisis, barry ritholtz
 
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