Tuesday, October 14, 2008

Be nice to bankers?

Let me second this post by Ian Welsh.

A lot of people have yet to catch up to the new reality. It appears Chuck Schumer is one of them. He still thinks we have to coddle bank execs in order to persuade them to do what needs to be done. To paraphrase Ian, "F*ck that! They'll do it or they will be shown the exit."

Frankly, I think they should be shown the exit anyway. Letting them keep their jobs is far more "incentive" than they deserve.

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