Summary
[...] they pretty much quit using the car. [...] these institutions are not bottom-line driven; they face no bankruptcy constraints. [...] even though deposit insurance guarantees the bulk of deposit institutions' liabilities, the effects on Cousin Jack's careless behavior begin to pale when compared with TARP and TARP-related events.
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Extract
Obama and the Bankers: 'Doin' What Comes Natur'lly'
Speaking to a very receptive Elyria, Ohio, crowd a few months ago, President Obama took off the gloves and promised that he was ready to fight to provide more jobs, improved education, and security from the threat of bankruptcy for homeowners. Turning his attention to the Wall Street bankers, who had just announced another round of large executive bonuses and high profits made from managin...
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