On Wed, 28 Jan 2009 11:55:24 -0500 Doug Henwood <dhenwood at panix.com>
writes:
> Tuesday, January 27, 2009 4:08 PM EST
>
> U.S. bets execs can save banks, this time
> By MATT APUZZO and DANIEL WAGNER
> Associated Press Writers
>
> WASHINGTON (AP) — It's one of the ironies of the U.S. financial
> bailout: The banking executives now managing billions in taxpayer
> money are the same ones who oversaw the industry's near collapse.
>
>
Nothing like the wonders of moral hazard. I seem to recall raising that issue when talk of a bailout was first being broached in Washington. Apparently, it hasn't taken very long to get my answer.
Jim F. ____________________________________________________________ Live the good life! Click now for great retirement planning assistance! http://thirdpartyoffers.juno.com/TGL2141/fc/PnY6rw1hgi6cqIu2QfTEefArRDVYqJAs1UEnibco77VYukfwg3bE5/