>>The few firms who folded were gobbled up by larger banks and the executives often made more money than they had been making before.
>>If anything, it shows that they acted clearly in their self interest and continue to do so with the encouragement of the fed.
Cynical, dude! But credible, in which case Ayn Rand's predicted collapse is closer than ever...
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us."
-- Shakespeare: Coriolanus, Act 1, scene 1
