Options Wonderland

[rheddle]

LOL The banks should have to pay for their oversight in getting the value mortgage backed securities so wrong. The "we didn't understand the true value of the securities or their inherent risk" argument doesn't wash with me. That's like a criminal saying: "the window was open, so I didn't think the owner would mind me having a look inside and walking off with the TV officer".

How the banks pay back the bail out, I don't care. Perhaps the govt gets a stake in each of the banks that off-load the debt or the govt hits them with a higher tax take on bank profits in future for example and imposes rules to stop banks shifting opps overseas if they want to do business in the USA.

Had to be done, but the tax payer shouldn't have to pay for it all IMO.

R