Thread: A note of caution for those with deposits in US Banks
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Old 17-09-2008, 03:55 AM   #11 (permalink)
who
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Quote:
Originally Posted by Spin View Post
Quote:
Originally Posted by who
The real hurt will be suffered by the shareholders who will essentially be wiped out. But that's as it should be. They ignore the risk of being over leveraged.
Well, I'm not convinced that the shareholders would be totally aware of the irresponsible behavior of those that ran the company that led to the over leveraging.
But if you believe that the average man on the street deserves to lose his retirement funds or whatever then I hope you sleep well with that.
We, and that includes myself, as stock buyers (via whatever vehicle) enjoy higher earnings then we would as lenders. If we don't realize there are higher risks then we should. The excuse of "oh I didn't know" doesn't work.
If one wants less risk buy bonds but be prepared for less income.
We seem to live in a time when anything negative that happens to us is someone elses fault. That doesn't work either. There is no such thing as a free lunch.
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