Tuesday, March 25, 2008
The Moral Hazard Contagion Spreads
by Ken Houghton
Yes, the plural of anecdote is not data, but the timing here is not coincident.
More later.
UPDATE: I see cactus at AngryBear is thinking the same way, though rather more like an economist than a taxpayer.
Tanta notes that Wells Fargo is begging, which they weren't doing when the BSC price was $2/share.
Yes, the plural of anecdote is not data, but the timing here is not coincident.
More later.
UPDATE: I see cactus at AngryBear is thinking the same way, though rather more like an economist than a taxpayer.
Labels: bankruptcy, High Finance, Moral Hazard, The Old Firm
