Queen Elizabeth Crushes Wall Street

[Ricter]

Huh?

Whatever money is left after your customers default can still buy you groceries.

 

[Ricter]

default was not considered a risk, since the collateral, real estate always goes up.
and to this day, this is what pisses me off about the bailout. Why bailout the lender? Shouldn't if we were going to bailout anybody for the sake of life as we know it, bailed out the borrower? Just tell the banks, "Don't worry, we will pay off all those loans." As it was and is now, the banks got bailed out and still ended up with all the collateral.

We bailout the lender because the lender has the political clout. But I agree with you

 

[Tsing Tao]

Whatever money is left after your customers default can still buy you groceries.

Ah. But in the expression "Don't throw good money after bad" , the bad money has already been wasted.

 

[Ricter]

Ah. But in the expression "Don't throw good money after bad" , the bad money has already been wasted.

Well, it seemed like good money at the outset. : )

 

[Tsing Tao]

https://twitter.com/ThemisSal/status/555769219884019712