Feedback: Not Buying the Bailout-Free Hype

September 02, 2010, 1:12 p.m. EDT 1 Min Read

Re: "Bernanke: Regulatory Reform Will Prevent Future Bailouts."

Anyone who believes Bernanke's assessment of the new reform laws for financial institutions prevents big institution bailout just arrived on this planet this morning.

During the crisis we saw all kinds of precedents set, including bond holders being poured out at GM for the Union. When mark-to-market revealed the big financial institutions would be severely under capitalized if the rule was applied they decided it was not relative and disregarded it. They will change any rule/law at anytime they see fit.

Robert Kramer
CEO, Westbound Bank

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