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[–] 13 points 13 hours ago (4 children)

Well crud. I hadn't seen that angle.

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  • [–] 6 points 11 hours ago (3 children)

    Yeah, my understanding is that once bankers have bet more of other people's pensions and life-savings than they can cover if they lose the bet, they are in line for a bailout.

    In effect, the more catastrophic your bet is, the less personal responsibility you have to take for it.

    One of the many hypocrisies and perverse incentives of capitalism.

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  • [–] 3 points 10 hours ago (1 child)

    In effect, the more catastrophic your bet is, the less personal responsibility you have to take for it.

    "If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem."

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