Tuesday, March 25, 2008

The Moral Hazard Contagion Spreads

by Ken Houghton

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.

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