Comments on: What encourages more risk on Wall Street? http://www.proudprofiteer.com/2009/11/what-encourages-more-risk-on-wall-street/ Capitalism and Liberty Thu, 02 Feb 2012 13:49:31 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: jvanzin http://www.proudprofiteer.com/2009/11/what-encourages-more-risk-on-wall-street/comment-page-1/#comment-89 jvanzin Fri, 06 Nov 2009 13:10:06 +0000 http://www.proudprofiteer.com/?p=483#comment-89 To carry it a little further, we need an intervention. The public needs to take the looters of Wall Street to task and confront mommy government for being an enabler. We need to say this is it. You will not get away with this again, because we won't bail you out anymore. It will be painful the first time for everyone, just like it's painful for a parent to watch their child wallow in their troubles, but in the end everyone is better off for it. To carry it a little further, we need an intervention. The public needs to take the looters of Wall Street to task and confront mommy government for being an enabler. We need to say this is it. You will not get away with this again, because we won’t bail you out anymore.

It will be painful the first time for everyone, just like it’s painful for a parent to watch their child wallow in their troubles, but in the end everyone is better off for it.

]]> By: John http://www.proudprofiteer.com/2009/11/what-encourages-more-risk-on-wall-street/comment-page-1/#comment-86 John Fri, 06 Nov 2009 12:50:40 +0000 http://www.proudprofiteer.com/?p=483#comment-86 That was an absolutely perfect analogy. Parents who constantly bail out their child every time that child gets into trouble only makes matters worse and it creates a monster. Now that child has no regard for risk because there are no consequences; they know mommy and daddy will bail them out. What ends up happening if mommy and daddy try to smarten up is that the child throws a massive tantrum and that usually gets the parents to cave. At least, that's what would happen if mommy gov't finally tried to stop helping out Wall Street. That was an absolutely perfect analogy. Parents who constantly bail out their child every time that child gets into trouble only makes matters worse and it creates a monster. Now that child has no regard for risk because there are no consequences; they know mommy and daddy will bail them out.

What ends up happening if mommy and daddy try to smarten up is that the child throws a massive tantrum and that usually gets the parents to cave. At least, that’s what would happen if mommy gov’t finally tried to stop helping out Wall Street.

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