http://www.hedgeworld.com/blog/?p=591 A look behind the hedge fund curtain Mon, 20 May 2013 12:38:48 +0000 http://wordpress.org/?v=2.6 http://www.hedgeworld.com/blog/?p=591#comment-3306 Pietro Mon, 15 Feb 2010 10:36:13 +0000 http://www.hedgeworld.com/blog/?p=591#comment-3306 Are you trying to legislate morals? Everybody acts on his (perceived) best interest. Banks were lending at what were then the current values, in their and the general public interest. If they hadn't you would have cried that they were working against the interests of society at large. The real point is that while you were made to suffer your parents discipline and (supposedly) changed your behaviour, the banks were not. Instead they were taken into the loving arms of the government, much like a boy whose mother's protects him from the reaction of the friends he has stolen the lunch box from. Banks should have been allowed to fail. They will never acts in the interest of society:it's not their function. But they will act in their best interests and avoid stealing other people's lunch box if they risk failing. They will continue stealing, whenever they have the opportunity. Are you trying to legislate morals? Everybody acts on his (perceived) best interest. Banks were lending at what were then the current values, in their and the general public interest. If they hadn’t you would have cried that they were working against the interests of society at large.
The real point is that while you were made to suffer your parents discipline and (supposedly) changed your behaviour, the banks were not.
Instead they were taken into the loving arms of the government, much like a boy whose mother’s protects him from the reaction of the friends he has stolen the lunch box from.
Banks should have been allowed to fail. They will never acts in the interest of society:it’s not their function. But they will act in their best interests and avoid stealing other people’s lunch box if they risk failing.
They will continue stealing, whenever they have the opportunity.

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