Bailouts Affect Industry Winners Too [View article]
It's the same with banks. When the fed backstops Citi's toxic waste, allowing it to resume piling debt at terms that don't reflect the risk, how can a better run bank (like WFC or UST) compete?
For that matter, how can any business compete in an economy where the fed or treasury pick the winners and losers?
Bailouts Affect Industry Winners Too [View article]
For that matter, how can any business compete in an economy where the fed or treasury pick the winners and losers?