Re:A Dive Into The Lending Club Data
by jldugger on Tuesday September 22, 2015 @03:44PM
(#10261129)
> Banks haven't proven too skilled in estimating risk (see 2007).
Arguably, they demonstrated that you can accept a lot of risk and then if things go wrong the Fed will bail you and your creditors out. Not _quite_ the same thing as simply underestimating risk.
Arguably, they demonstrated that you can accept a lot of risk and then if things go wrong the Fed will bail you and your creditors out. Not _quite_ the same thing as simply underestimating risk.