Relevant:
- On Ben Bernanke's Pathological Inability To Learn From The Lessons Of The Past
- Have We Learned the Lessons of Black Monday? No and Why It Could Happen Again
- The Terrible Lessons of Bear Stearns
- Judge Unloads on Deal SEC Struck with Citigroup; No Lessons Learned, Citi Still Too Big to Exist
- Lessons for Draghi From a Land of Sub-Zero Interest Rates
2008-12-01 — ml-implode.com
"There are two lessons not being learned here: first, artificially low interest rates encourage investors to take imprudent risks. Second, federal insurance guaranteeing their investments does too. Combine the two and you have a witches’ brew that totally disrupts market incentives and puts taxpayers at great risk."
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Comments:
tvsterling at 20:41 2008-12-02 said:
These Supersuits just don't get it. I'm going to put money in my shaky local bank at close to zero interest out of patriotic fervor for our great country? Right, sure, every day PAL! FICA stands every chance of going bust, then what? I wish I had bought gold & silver a year or two ago, too late now. Treasuries are becoming a joke too. God only knows what is going to happen. Permalinkadd a comment | go to forum thread
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