Talib on Corporate Socialism: The Government is Bailing Out Investors & Managers Not You
(From Medium)
The asymmetry (moral hazard) and what we call optionality for the bankers can be expressed as follows: heads and the bankers win, tails and the taxpayer loses. Furthermore, this does not count the policy of quantitative easing that went to inflate asset values and increased inequality by benefiting the super rich.
Reprinted from: https://www.ac2news.com/2020/03/talib-on-corporate-socialism-the-government-is-bailing-out-investors-managers-not-you/
