MD of Pimco Europe:
INSTANT VIEW - UK unveils financial support package for banks | Reuters
"Moral hazard is a concept that nobody can afford when markets are going down at this rate."
Believe me, I can't afford to gag.
Well, like Krugman noted brilliantly: "Just as there are no atheists in foxholes, there are no libertarians in financial crises." Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
you are the media you consume.
