Tuesday, December 3, 2013

Interesting Source for This Leftish Comment....

We've seen unusual comments from Bloomberg News before; thanks to Eric P for passing on this report on the Banks and their Bailouts:

"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."

Full Article here. (No need to suppress your smile at the word "unintended".)

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