When Vader Bails People Out…

Raghuram G. Rajan, former chief economist at the International Monetary Fund said:

Where are the titans of the financial sector at this point? Why aren’t they coming together in a room at the New York Fed and saying, “This is a severe crisis for the financial system and we are going to put up some of our own money to refloat the system.” They should find ways to ensure that the public is not giving a windfall to the financial sector, because it will actually hurt them in the long run. The taxpayer is not in a forgiving mood.

Or, to paraphrase Darth Vader, “The taxpayer is not as forgiving as I am!”







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