 | None of the Above ( artis) rakstīja, |
Anger at the bankers is misdirected — they acted in their self interest and took advantage of what was made available. Banks act in their own self interest. If they know they will be bailed out via monetary easing or some other method, they shouldn’t be blamed for additional risk taking. It is the politicians who gave them the incentive to act irresponsibly. It is the policy that is irresponsible.
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