Bailout
Ok guys. The cash infusion seems to be working.

But what are you doing to keep the bank managers from making the same bad leveraged bets again? Isn't that what started this whole financial system meltdown business? Now you have proved correct the core risk management assumption of these bankers - the Feds will backstop our losses and take the major risks for us. We will reap the profits, but our losses will be limited.

Ok. We the voters will let you spend our grandchildren's wealth to prevent a complete financial meltdown. But, you absolutely must not let it happen again. Managers entrusted with the funds of others must not have incentives to take excessive and improper risks with those funds. Come on guys. Legislate this one right. Our grandchildren deserve it.
- posted by Richard @ 1:03 PM