davelj, I’m not suggesting that anyone would want to switch places with Robert Toll.
My point is that this is another example where when the times were good, the less cautious benefitted… and now that times are bad, their losses are subsidized.
Agreed, nowhere near as egregious as the TARP but this is clearly (to me anyway) another example of rewarding failure and encouraging risky behavior (whether it works or not).
