Biden giving national address on banking sector first thing this morning? How bad was this? Faith has been restored for now, it seems.
At the opportunity cost of a free market and incentive to run a profitable business and practice prudent risk management. Why do these things when the government will always bail me out?
Exactly the point of all of this. The incentive is that you’re not prudent so you become dependent on them.
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Round and round we go.
