I’m really enjoying ScrewTurn Wiki: http://www.screwturn.eu/
@siracusa (cont) So let them alone and succeed or fail based on their own actions without the protection of the government. The end.
@siracusa (cont) regulators cannot foresee all of the consequences of their designs and inevitably some perverse incentives will arise.
@siracusa (cont) not risky to do the bundling when someone else (taxpayers) assume all of the risk. The problem is regulation per se since
@siracusa (cont) have done that because it’s *their* money at risk. Financial institutions are about being conservative with money and it is
@siracusa Do you not get that the government created an incentive and protection from unsound practices? If it had been free, they wouldn’t
@siracusa The bigger problem was the guarantee offered to lenders. Between that and CRA, the gamble was palatable. OPM is a big incentive.