Um... The GOVERNMENT is accepting this crappy deal
and ONLY the government is big enough to do something this stupid.
If the government is stupid enough to do it, I don’t blame the banks for taking advantage of it. They have to live in the real world of existing rules.
“If the government is stupid enough to do it, I don’t blame the banks for taking advantage of it.”
That is the point of the whole article. The players “behind the scenes” i.e. the executives that are getting the 20 million dollar bonuses move in and out of government writing the rules, and Congress has been bought and paid for.
I’d love to have a sweet deal where if I make money I keep the profits but if I lose money the taxpayers pay for it.
The OWS idiots are correct about one thing, there is much rotten on Wall Street, but the stench originates from the Potomac, not the Hudson.
and we are supposed to trust them with our money? everything they touch is mishandled. Need a complete overhaul and soon