My initial thoughts about the government bailout of banks: privatized profits and socialized risk. So let them face the consequences of bad decisions and bad bets
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matching is a good idea but i think it would have taken too long. serious deterioration occured just during the congressional delay. ever since i heard the terms--5% now, 9% later--i've been comfortable.
Yeah, the terms are reasonable. It the precedent of “too big to fail” that still leaves me concerned about moral hazard. But, pragmatically I get that it may be unavoidable.
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