Brian,
I hope you are trying to be sarcastic but knowing you you may even have a staight face.
If someone offered you the ability to make untold billions of dollars for your shareholders in a no lose situation – legally (maybe with a slight “moral hazard”) you would turn them down?
Its not the banks. That is the whole point. The guys in the government (who are supposed to be the regulators) did this. According to the Gramm-Leach-Bliley Act the Fed is the ultimate regulator of so many of these transactions.
If you don’t have a fire hydrant you can’t access the water. Actually I like the drug analogy much better. No one wants less money. Of course that is not true becasue I do know one person…Ron Paul turned down his Congressional Retirment Benefits years ago.
