Again we protect the financials from market forces....
Reduce risk, and take out any ability for them to be a decent investment..
Look at me talk now that I'm short the financials...
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Tuesday, July 15, 2008
What happened to Moral Hazard
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