Monday, September 17, 2012

ECONOMY - 4 Years After Bailouts, Banks Still Making Risky Bets

Note "Still Making Risky Bets"...... aka greed overpowers common sense.

"Four Years After Bailouts, Banks Have Bounced Back, Still Making Risky Bets" PBS Newshour 9/14/2012

Excerpt

SUMMARY: After the fall of Lehman Brothers in 2008, Congress passed the Troubled Asset Relief Program, disbursing money to hundreds of banks, including AIG. Ray Suarez talks to University of Michigan's Michael Barr and Better Markets' Dennis Kelleher on whether the bailouts resulted in financial reform or banks are still too big to fail.

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