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Saturday, December 28, 2019

MORAL HAZARD --- What Eric Holder could learn from VietNam, (having not been there for combat). Eric Holder who served the nation as Attorney General during the 2008 crash aftermath where not one single Wall Street crook was jailed. Not for anything, securitization of junk mortgages sold as if sound, or otherwise for anything. Wall Street banks had prolonged a bubble, and got a bailout without blame. Bailed out, nobody jailed.


MORAL HAZARD -
Simple English Wikipedia, the free encyclopedia
[Search domain simple.wikipedia.org/wiki/Moral_hazard] https://simple.wikipedia.org/wiki/Moral_hazard

Moral hazard is a term used in economics. Nobel laureate Paul Krugman explains moral hazard as "any situation in which one person makes the decision about how much risk to take, while someone else bears the cost if things go badly."

VIETNAM -
source - click each image to enlarge and read

HOLDER -
source: https://www.cov.com/en/professionals/h/eric-holder


OBAMA, BIDEN, HOLDER DAYS ARE HISTORY FROM WHICH LEARNING IS FEASIBLE. LEARNING RE REASONABLE EXPECTATIONS OF FUTURE CONDUCT, GIVEN HISTORICAL TRUTH OF WALL STREET PERPS DODGING JAIL ENTIRELY, EACH AND EVERY. WHILE BAILED OUT FROM RISK AND DOOM BY GOVERNMENT MONEY. A MOST RECENT HISTORY OF DC-WALL STREET COOPERATIVE MORAL HAZARD SELF-INDULGENCE. BIPARTISAN BAILOUTS ARE BEST -


ANY QUESTIONS?

LET'S RAISE THE ANTE - WIKIPEDIA DOING A HOLDER BIO:

In 1969, while a freshman at Columbia, Holder was one of several dozen students who staged an occupation of the Reserve Officers' Training Corps office, renaming it as the Malcolm X student center.

Nothing in the Wiki item mentions anything such as bonespurs, hence, one can infer Holder dodged the draft primarily with a student deferement. Given Holder's use of Malcolm's legacy and persona when it fit his will, and then later being the big Covington white collar crime defense dude and all, there is irony in Holder's return to Covington (after his having issued "avoid jail" wallet cards for every Wall Street criminal large or small during Obama years away from Covington). The irony is that Malcolm would shun Holder over such compromise with "the Devil" as Malcolm saw things. Malcolm would like Bernie much better than Biden or Holder. Ya betcha, or perhaps not. He could have lumped Bernie with his own early view of Dr. King's integrationist approach toward racism. Malcolm would have enjoyed seeing the Obama presidency, viewing it as a commentary subject, or a lesson opportunity. Especially if seeing it after his Hajj.