Since the collapse of Lehman Brothers, we have pumped the water out of the ship without patching the holes. If we don’t do the latter—particularly now while we have some breathing room—then our financial system will most assuredly spring more leaks and we’ll all be scrambling for the lifeboats.

1 – Bail out the debtor not the creditor.

Source: Four Lessons (Not) Learned From The Financial Crisis

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