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The information on Groklaw is not intended to constitute legal advice. While Mark is a lawyer and he has asked other lawyers and law students to contribute articles, all of these articles are offered to help educate, not to provide specific legal advice. They are not your lawyers.

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Who is responsible? | 130 comments | Create New Account

Comments belong to whoever posts them. Please notify us of inappropriate comments.

Who is responsible?

Authored by: Anonymous on Saturday, January 05 2013 @ 05:46 PM EST

...well...look far enough...and the major responsibility
probably falls on the US government.

Unfortunately, we've (not so differently from Europe)
created a financial system where large financial
institutions expect to be bailed out.

At that point, any sensible person realizes that you just
double down infinitely - pocket the winnings if you win, and
take a bailout if you lose.

...this then motivates large financial institutions to
reduce worker oversight to boost earnings. And you end up
with a really profitable financial sector with occasional
crashes.

Add in a lot of worker mobility - and you get a risk-prone
culture.

--Erwin

[ Reply to This | Parent | # ]

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