The moral hazard is why we have these problems, we keep bailing the corrupt banks out. giving them free hand to come up with these obscene ways to take advantage of the public.
We get into trouble, and they get the bail outs..... Sure bear has taken it in the ass.... but there needs to be more.
It's the past moral hazards that have skrewed us....
and 11900 is no reason to own anything....
but.... fuck it... I refuse to drink coffee this morning.... I had too much last week Don't want to do it to myself.
I think the shorts are afraid of the fed today... or afraid of them tomorrow... we may muddle.
Monday, March 17, 2008
Moral hazard
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