"This is an unfair and unintended
transfer of wealth to bank
shareholders and executives, and it weakens market discipline by
desensitizing banks to risk. In effect, banks are being rewarded for
presenting a threat to the economy."
shareholders and executives, and it weakens market discipline by
desensitizing banks to risk. In effect, banks are being rewarded for
presenting a threat to the economy."
Full Article here. (No need to suppress your smile at the word "unintended".)
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