Our financial markets performed dismally – well-performing, “rational” markets do not lend to people who cannot or will not repay – and yet those running these markets were rewarded as if they were financial geniuses.
Nuestros mercados financieros tuvieron un pésimo desempeño –los mercados de buen desempeño y “racionales” no le prestan a la gente que no puede o no va a pagar- y, sin embargo, quienes manejaron esos mercados fueron recompensados como si hubieran sido genios de las finanzas.