Re:Why regulators should focus on bankers’ incentives
by MR4D on Monday April 10, 2017 @06:07PM
(#14082974)
Although we do (mostly) agree, I don't think it's disengenuous. Here's why - other businesses/industries have been bailed out, including the following. Reasonable failures are tolerated, but systemic ones are not - regardless of the industry:
- Steel Mills (in 1952)
- Railroads (most notably Penn Central in 1970)
- Car companies (all three in the last 40 years)
- Manufacturers (various)
- Utilities (mostly nuclear plants/companies)
- Airlines (post 9/11)
My impression is that most people believe the government will step in before any industry is ruined (assuming a quick decline, not necessarily a slow one over many years).
- Steel Mills (in 1952)
- Railroads (most notably Penn Central in 1970)
- Car companies (all three in the last 40 years)
- Manufacturers (various)
- Utilities (mostly nuclear plants/companies)
- Airlines (post 9/11)
My impression is that most people believe the government will step in before any industry is ruined (assuming a quick decline, not necessarily a slow one over many years).