ST Alpha - "Ah - I took incentives to mean 'market incentives'. I think there was still an expectation that gov't would bail out - the S&L crisis of the late 80s " (Reading a Post)

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Ah - I took incentives to mean 'market incentives'. I think there was still an expectation that gov't would bail out - the S&L crisis of the late 80s

Posted by Roger More (aka RogerMore) Dec 14 '09, 09:27

and the Long Term Capital Management crisis of the late 90s involved gov't bailouts.

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