Loading ...“You should thank God for bank bailouts— absolutely required to save your civilization. So I think when you have troubles like that you shouldn’t be bitching about a little bailout. You should have been thinking it should have been bigger. You should thank God the government saved the big banks and their investors.
Now, if you talk about bailouts for everybody else, there comes a place where if you just start bailing out all the individuals instead of telling them to adapt, the culture dies. Suck it in and cope.”
Charlie Munger, Christian Science Monitor, September 30, 2010