News for hackers. Stuff that matters.

A comment on U.S. Secretly Halted JPMorgan’s Growth for Years. Parent comment

Re:U.S. Secretly Halted JPMorgan’s Growth for Years by richardknop on Monday October 29, 2018 @07:40AM (#18326628)
Because responsible people then have to bail these people out with their savings / taxes going up. It's a moral hazard. If there are no consequences for your actions / financial decisions, people will never learn and will continue making bad choices because why not.
[ Parent | on HN ]
Re:U.S. Secretly Halted JPMorgan’s Growth for Years by pas on Monday October 29, 2018 @08:27AM (#18326901)
Agreed. But simply letting responsibility run its course does not make the world a magically better place. Processes that lead to better global state often require catalysts, such as gov intervention (regulation, Fed actions, addiction treatment, etc).
[ Parent | on HN ]
Re:U.S. Secretly Halted JPMorgan’s Growth for Years by Arbitrary4657 on Monday October 29, 2018 @10:12AM (#18327657)
The taxpayers are the responsible ones, while the bankers are not. I agree with you.
[ Parent | on HN ]