roku had four hundred and eighty seven million. i read them tech had 54 men dollars in b i rythm tech had fifty four million. bill holdings had three hundred 300 milln. something called ginkoo biloba fireworks had seventy four million roadblocks . one hundred and fifty million. b twenty one million.list goes n and the list goes on and on . well you can t make a moral hazard argument here though say. the globalist. that s not fair. larry summer summers tweeted today that this is no time for moral hazard lectures or lesson administering or four alarm about political co. but my question is , whenme ri is the time right to ensureuencr that there are consequences for bad financial decisions in our banks? cial our banksis any time the right? the truth is , when thosebers of taking undue risks are mostly members of the liberal elite class, it s never a good time to talk about moral hazards. hazardif you re a darling of
but this time zero percentiggerh inflated a much bigger bubble , which is why we re now having a much bigger financial crisis. buthatt none of this would have happened had we stayed with a free market. the free marke the free market would havefrom e purged the economy from all these excesses a long time ago. and instead of having a bubble, we would have had a genuineveryr recovery with real prosperity instead of the phony prosperitos iny that we ve enjoyed.e and now the chickens have come home to roost. all right.s is rejecting larry summers is rejecting this idea that interes interests are behind this. watch us . these problems had much more to do with the failure of risk at i management at silicon valley bank. i also think that if we didn td operate to contain inflation, we would have even highers. interest rates. and those even higher interestsl rates would make more financial problems, not less.