Quote:
Originally Posted by MS Fowler
I disagreed with the bail outs then and any future bail outs.
You are correct that eliminating the risk from the risk/reward balance ruins the very idea of capitalism. They took the risk; they failed; they should have reaped the reward of their failure. No bailouts in capitalism.
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Exactly. The concept of "too big to fail"is a real threat to free market capitalism and to democracy since it demands preferential treatment for some at the expense of many.