The Fat-Tailed Sheep

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The Fat-Tailed Sheep

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    re: aforelinked Keyholez on banks: 

    What banks got in bailout $ when they desperately need it is quite analagous to a payday loan.

    Which do not come at almost 0% interest.

    They come at high rates, with some moral condemnation and disrespect along for the ride.

    If the banks had been punished, some CEOs fired — anything! — then the payback of $ could legitimately be a victory.

    Also — as Keyholez certainly knows — the $ to payback the TARP and Fed bailouts also came through a form of backdoor bailout via interest rate, accounting, and regulatory policies. 

    And in the end, the ratio of bankers arrested to protestors arrested says a lot. You think bad banking isn’t a crime? Well I’m not convinced that camping is a crime either.

    Posted on November 19, 2011 with 1 note

    1. fattailed posted this

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