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A comment on Student Loans a Lot Like the Subprime Mortgage Debacle, Watchdog Says. Parent comment

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by DataWorker on Wednesday December 11, 2019 @11:34AM (#21764065)
So no true Scotsman? “Regulation never works well because it’s never the right kind of regulation.”

In what world do the regulated parties not oppose being regulated? If there’s no opposition to a regulation then it probably isn’t needed.

[ Parent | on HN ]
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by nicoburns on Wednesday December 11, 2019 @01:30PM (#21765308)
Sometimes it doesn't work just because it wasn't a good idea to regulate in that way. However there are countless examples of regulation that was crippled in the US, but that has a very successful (and generally stronger) counterpart in Europe.

Perhaps it's just that corporate interests have captured governments. But that too seems like a symptom of distrust in government leading to it being hamstrung and underfunded. I guess it's circular.

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