PrestoPundit

IN ALL SORTS OF WAYS

Posted by PrestoPundit on 10/20/2008

the bailout causes problems the bailout is intended to cure.  Via Cafe Hayek.

BONUS:  Bankers will pocket over 10% of the bailout in “bonuses”.  Quotable:  “At one point last week the Morgan Stanley $10.7bn pay pot for the year
to date was greater than the entire stock market value of the business.
In effect, staff, on receiving their remuneration, could club together
and buy the bank.”

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