• 4 Posts
  • 664 Comments
Joined 10 months ago
cake
Cake day: January 12th, 2025

help-circle














  • They should have made any bank bailout contingent on nationalization. That was the big mistake.

    Is your bank insolvent to the point that it needs emergency federal assistance? Is it so grand that letting your Tower of Babel collapse endangers the entire nation? Do we the taxpayers have a guns to ours heads here, forcing us to give out these bailouts? All to clean up the mess left behind by overpaid, overconfident, completely incompetent bank executives?

    If so? Fine. A bailout will be given to protect the customers and the nation, but the existing shareholders are completely wiped out. The feds take ownership of the bank. They divide the accounts and remaining assets of the megabank up amongst a dozen smaller new banks it creates as a replacement for the failed giant. The Federal Reserve provides credit to the new banks as they get started. Eventually, when they stabilize, the government holds IPOs for the new banks and completely divests ownership of them.

    THAT is how bank bailouts should work. This way, moral hazard is avoided, the government isn’t fleeced, and market consolidation is reversed all in one go.



  • This is why it’s now becoming standard design practice in the design of restrooms for large public buildings to simply build the women’s restroom larger than the men’s. This is really the classic “equality vs. equity.” Equality means building both restrooms the same size. Equity means realizing that to deliver the same level of service - the same average wait time, the women’s restrooms probably should just be built larger and with more total stalls. So you build out your restrooms with the number of stalls in the women’s room being about 40% or so greater than the total number of stalls and urinals in the men’s.