Perverse incentives fueled excessive risk-taking, and banks that are near collapse but are too big to fail will engage in even more of it. Knowing that the government will pick up the pieces if necessary, they will postpone resolving mortgages and pay out billions in bonuses and dividends.
——银行家们为了个人的私利，他们会铤而走险去追逐暴利。如果银行“越大越不能倒闭”的怪圈不能打破的话，他们会更加肆无忌惮。他们吃准政府必然会出手相救，所以自私的银行家门不会救助问题重重的房市，而是先忙着自己的年终分红。