On Promoting the Occurance of the Moral Hazard 
Tuesday, September 16, 2008, 09:18 PM
I tempted to -- but will refrain from -- delving into a detailed rant on the recent actions by the Fed and Treasury. I will, however, steal a couple lines from friends of mine:

Eric Yao:
I didn't know that AIG's insurance company was the Federal Reserve.

My father:
And they didn't have to pay any premiums

Me:
...because the taxpayers were footing the bill.

The real problem here is that there is now no consistent standard for who is going to be bailed out -- it's just a giant guessing game.
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