may need to be bailed out okay we did that in 2008 and that was dicey enough but if you try to /explicitly/ bail out hedge funds now there's gonna be blood in the streetshttps://twitter.com/Street_Insider/status/1354430650154176514 …
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this would be fine thohttps://twitter.com/ThatsMauvelous/status/1354468619627995137?s=19 …
"Systemically important."
None of these funds are sufficiently large that letting them fail risks any substantive risk to the larger economy.
inshallah
could probably argue even saving “normal” financial institutions is good politics and bad policy good politics because it defers pain, bad policy because it accumulates zombies
saving banks might work in combination with hanging bankers but all *that* would lead to would be discovery of market clearing wage for poor normies to accept a title of “global director of risk management” and a 1/50 or so yearly risk of meeting a trapdoor
Bailouts just reinforce risk taking behavior which seems like bad policy in aggregate
They'd get away with it. The temporarily embarrassed millionaire has never been more true than right now. The Hustler-Pimp is the new Ideal Man. This just means more opportunities to find new holes to exploit. This is the first real taste of gamified life.
I think it's bad policy. Govt shouldn't reward risk. If they are competent they should be trusted by new investors.
*Govt shouldn't reward risk for hedge funds more than other companies without a good reason. Maybe if they are really profitable on average then they should.
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