Home > Uncategorized > YouTube: Bank Bailouts Explained: the Sick Joke is on You (Thanks to Government-enabled Moral Hazard and Kleptocracy)

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 BPAvatar and CorpSpeak, too!

[View:http://www.youtube.com/watch?v=yipV_pK6HXw&feature=player_embedded:550:0]

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  1. FDominicus
    February 4th, 2011 at 16:52 | #1

    All too true.

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