Hacker News Reader

Why would a bunch of rich kids get the bailout we should instead give the money to all those poor banks that put themselves at risk.

/s?

A bank's core function is to evaluate credit risk. If a bank can't do that, the people running it should be doing something else.

You will be bailing our your State's underfunded pension first, most likely. If not your State then some other State when their debt is federalized.

It gets better still . . .