Sunday, October 30, 2011

How unfair, bankers just followed orders, and they are now being trashed

The bankers obediently went to where the regulators wanted them to go, where the regulators allowed them to leverage bank equity 60 times and more, like when buying AAA rated securities backed with mortgages to the subprime sector, or lending to for instance Greece, Portugal, Italy and Spain; and, likewise, obediently stayed away from those risky small businesses and entrepreneurs, where the regulators only allowed them to leverage bank equity 12 times. 

PS. Here´s a video that explains a fraction of the stupidity of our bank regulations, in an apolitical red and blue!