On the recordJuly 14, 2009
It seems obvious to me that firms and traders will act more responsibly when they know they will face the consequences of their actions, which is why bailouts breed more bailouts.
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congress.govIt seems obvious to me that firms and traders will act more responsibly when they know they will face the consequences of their actions, which is why bailouts breed more bailouts.
Bunning emphasizes accountability in financial firms to prevent repeated bailouts.
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Is that not just kind of a transferring of what we cannot pay for and what our excesses are presently to my children and grandchildren? Is that not kind of a wealth transfer or a debt transfer?
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It is hard for me as someone who worked in the market for 31 years to understand how any trades can be broken arbitrarily by an exchange.