YouTube: Bank Bailouts Explained: the Sick Joke is on You (Thanks to Government-enabled Moral Hazard and Kleptocracy)
I ran across this today and thought that you, my loyal readers, might like it too.
My favorite piece of dialogue:
A: Do these people have no shame?
B: When you constantly get the bailouts, you don’t care about the shame.
Just a small example of how government and statist corporations are destroying wealth and community.
More here on Moral Hazard and Limited Liability in banking and elsewhere; let’s not forget BP, Avatar and CorpSpeak, too!
[View:http://www.youtube.com/watch?v=yipV_pK6HXw&feature=player_embedded:550:0]
Categories: Uncategorized
All too true.