If all bank deposits are now insured 100% by the US govt … what new moral hazards are we building into the system?
If there is zero risk to bank risk managers making lousy decisions, they can “bet the bank” for their annual bonus, knowing the US govt will cover them if wrong.
France is building an automated 47-mile subway line (M15) with 36 stations for an estimated $10.2 billion dollars, $1 billion dollars cheaper than what it cost to bring the Long Island Railroad to Grand Central. We just really need better cost control and project delivery.
JPMorgan Chase and Deutsche Bank have been accused of profiting from and facilitating the sexual abuse of young women and girls by Jeffrey Epstein, according to two lawsuits https://t.co/N8RVvFSilz