Auto Execs Fly Corporate Jets to D.C., Tin Cups in Hand

[KappaKittyCat]

Originally Posted by KSig RC

Additionally, let's consider for a moment the message this sends going forward: if you are large enough that the fallout from your industry's collapse will have to be subsidized by the American taxpayer, there is no incentive to reduce risk or include controls to prevent massive collapse, each of which would ultimately eat into profits (providing further disincentive).

Do you really get one 'free' collapse before you're forced to insert controls to prevent MysticCat and epchick from having to pay your bills, sloughing through massive future debt because risk/reward ratios didn't need to care about the risk?

I can't believe this, but I might actually be agreeing with KSig RC here.

[KSig RC]

Originally Posted by KappaKittyCat

I can't believe this, but I might actually be agreeing with KSig RC here.

Ha - I'd bet we agree on the vast majority of issues (I'm much more of a pussycat than you probably imagine), and disagree more on the presentation, but I strongly think this is an angle lots of people are ignoring, so it's good to get some "+1s" on this. I mean . . . AmEx is changing over to a bank after decades of resisting disclosure, just to get in on the money grab. It has to stop somewhere, right?