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Off the Cuff: Some of Us (The Banks) Are More Equal Than Others (The Taxpayers)

Thursday, February 2, 2012, 7:54 PM
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In this week's Off the Cuff with Mish & Chris podcast, Chris and Mish debate:

  • Rewarding Moral Hazard
    • The President's announced Mortgage Relief Plan has little help for underwater homeowners, lots for the banks, and none for those who where prudent
  • Europe

    • France is weakening
  • 0% Interest Rates

    • We are bumping up against the limit of what additional liquidity can do. And it will almost undoubtedly result in a currency crisis.

Are you one of the responsible ones who didn't overextend yourself economically during the boom, only to watch the risk-takers rewarded with bailouts? If so, there's lots to be irritated by this week.

 

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