In a WSJ interview hedge fund manager Paul Singer is quoted regarding money printing for bailouts: “The result is to destroy market discipline and and encourage bankers to behave recklessly.”
In the Wall Street Journal these bailouts are constantly referred to in a positive light. They cause stock prices to rise. The short term thinking comes from a willingness to abandon principle based on the Golden Rule. Writers at the Wall Street Journal know that the money printing and bailouts are a way to trickle-up wealth from the general population into the pockets of these reckless bankers.
Bring back Glass-Steagall legislation!