Moderator: Nicole Marie
Giant Communist Robot wrote:While reading the celebrity economist Kenneth Rogoff page on chessgames.com (I read it every day) I learned that the problem with Greece is they don't tax the rich enough. Spare me.
Shapley wrote:On the local level, with so many student-loan-endebted members included in the rallies, the idea would appeal to those who simply don't want to pay their own bills.
they're still in business, and will repeat the destruction in a few years time,
Giant Communist Robot wrote:they're still in business, and will repeat the destruction in a few years time,
This is exactly the moral hazard. We need some meaningful regulation in the banking industry.
We need some meaningful regulation in the banking industry
Shapley wrote:"Their short-sightedness makes them irresponsible so the government needs to step in to tell them how to run their business."
...the government being so well known for its long-sightedness.
Giant Communist Robot wrote: All I'm saying is that if the banking industry is vital to the economy and bankers can't stay out of inappropriate assets then they need to be told what to do.
Giant Communist Robot wrote:Economies simply can't function without banks.
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