Why is this type of logic in the minority these days?

Michael Geoghegan has sprung to the defence of HSBC suggesting that the company’s more conservative lending policies over the years have now proved to be perfect with HSBC relatively untouched in balance sheet terms from the ongoing worldwide slowdown. He also suggested that the UK government’s £37 billion bailout package will encourage banks to return to more risky lending operations in due course as they now have the added backup of government assistance.

(Full article here)

Strange… A company that makes wise decisions with its money, plans appropriately, and doesn’t bet their future on extraordinary risks… I wonder why they are still prosperous?

This political mentality of rewarding those companies who fail needs to stop. It is an immoral and corrupt system doomed to failure. Congratulations, HSBC, on your fiscal responsibility and smart investments.