The usual financial crisis playbook has a remarkably consistent cast: 1. banks discover a new way to create risk, 2. executives collect bonuses while it works, and 3. taxpayers get invited to the emergency meeting when it doesn’t. 👉 Somehow the public is always a stakeholder in the losses, but never in the profits.
The usual financial crisis playbook has a remarkably consistent cast: 1. banks discover a new way to create risk, 2. executives collect bonuses while it works, and 3. taxpayers get invited to the emergency meeting when it doesn’t. 👉 Somehow the public is always a stakeholder in the losses, but never in the profits.
Ooh, I know, my comment was pure unadulterated sarcasm.