Mises Daily
Author:
Llewellyn H. Rockwell Jr.
Online Publish Date:
Losses are an integral part of the capitalist process. But you wouldn’t know it from the way some big boys are treated by the Federal Reserve. It seems that if your losses are big enough, and your connections good enough, you can rely on a permanent line of credit to shield you from the consequences of your mistakes. The new rule is gleaned from