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What does that tell us about banks loans as a signal of investment security? > Not just the banks, the borrowers I don't think the banks need defending, and I
by forapurpose 8y ago
What does that tell us about banks loans as a signal of investment security?
> Not just the banks, the borrowers
I don't think the banks need defending, and I don't think we can compare the financial decisions made by professionals who are legal and moral custodians of the financial system with ordinary people. It would be like comparing the medical decisions of hospitals and ordinary people - 'it's not just the hospitals that offered this treatment as a cure, it's the patients who participated in it.' or 'It's not just the developers who made this highly insecure, malware-ridden software, it's the users who downloaded it.'
- downrightmike 8y ago'it's not just the hospitals that offered this treatment as a cure, it's the patients who participated in it.' We'll see what happens with the FDA bypass for experimental treatments that went through this summer. - Do you not work in IT? 'it's the users who downloaded it.' The correct answer is both, because if a user wants to do something, they'll find a way, even though the admins do all they can to stop it. A lot of the business practices are nuanced and have a risk associated with them. The risk of the bail out not happening was the global economy failing, everyone playing the game was highly leveraged and everyone else paid for it.