Tuesday, October 13, 2009

"Heads The Banks Win, Tails The Taxpayer Loses"

Peter Schiff, economic prophet. He was right then and there's no reason to believe he's wrong now.

More here.

UPDATE: Linked by The Unreligious Right.


  1. What is the stroke penalty for a moral hazard? Is it the same as a water hazard or playing the ball out of bounds?

  2. This post has been linked for the HOT5 Daily 10/14/2009, at The Unreligious Right