Re:The Big Zero
by anamax on Tuesday December 29, 2009 @03:20PM
(#1021210)
> regulation prevents those mistakes from growing into systemic risks.
Regulation creates systemic risks.
Regulation is why all big US banks took a huge hit when Fannie and Freddie hit the skids. Regulation is also why banks were holding "insured" mortgage pools.
Regulation creates systemic risks.
Regulation is why all big US banks took a huge hit when Fannie and Freddie hit the skids. Regulation is also why banks were holding "insured" mortgage pools.