Re:India’s banking system is flirting with a Lehman moment
by rtpg on Saturday November 10, 2018 @07:04AM
(#18420990)
> Though the government did give everyone who fucked up a fall from grace rather than what they deserved
I understand this feeling and also wish that there was some sort of moral reckoning.
But I feel like the better end state for society is "everyone has access to the same fall from grace that the rich and powerful have" rather than "_everyone_ gets to experience the crushing, arbitrary justice system that those at the bottom rungs of society experience".
Re:India’s banking system is flirting with a Lehman moment
by raverbashing on Saturday November 10, 2018 @07:08AM
(#18421007)
Yes, CDSs, sorry
You mean Credit Default Swaps (CDSes)? [Or perhaps Mortgage Backed Securities?] Outside of the SEC being stupid enough not to regulate these instruments, the government didn't have much to do with over-leveraging of the private sector.
Though the government did give everyone who fucked up a fall from grace rather than what they deserved, which is bankruptcy and the other side of capitalism that our system tends to forget exists when it is convenient.