> 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

> 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.