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Moral Hazards Setting lousy examples The moral hazard's obvious if Geithner and Bernanke Are left in charge to monitor Wall Street's hanky-panky. It signals regulators that it's still OK to bungle As long as they can get along with scofflaws of the jungle. Look how both of them stood by till Greenspan's bubble burst – While Angelo Mozilo and Bear Stearns did their worst. Not until the conflagration peaked did Main Street learn Their main concern was mitigating banker bonus burn. Except for Lehman's Richard Fuld who wasn't as well liked. But unlike Ms. Sanford's luv gov, their 'moral hazard' hiked. Is that too much to hope for with Geithner and Bernanke, Those devotees and champions of Wall Street hanky-panky?
Bob Carlson To 'Timid Timmy Geithner' |