Re:It Feels Like the Game Is Rigged
by RestlessMind on Tuesday February 02, 2021 @03:46PM
(#26006397)
> That's fine, just let me know when you have an alternative.
Here are the alternatives: 1. prosecute the bankers and send those to jail who broke law, instead of just fining those banks a few millions.
2. severely curtail risk taking abilities and bonuses if a bank depends on any explicit or implicit govt guarantees. Implicit benefits include access to cheap fed loans (ZIRPs), QEs, counterparty risks (eg. beneficiaries of AIG bailout) etc.
Here are the alternatives: 1. prosecute the bankers and send those to jail who broke law, instead of just fining those banks a few millions.
2. severely curtail risk taking abilities and bonuses if a bank depends on any explicit or implicit govt guarantees. Implicit benefits include access to cheap fed loans (ZIRPs), QEs, counterparty risks (eg. beneficiaries of AIG bailout) etc.