> The private market does a great job of evaluating risk Like it did in 2007? One in a million voices might have even thought to bring up how spoiled the housi

> The private market does a great job of evaluating risk Like it did in 2007? One in a million voices might have even thought to bring up how spoiled the housing loan market was, but the markets kept singing the tune of growth until hundred year old banks were out of business from loan defaults. That was the government pushing bad loan policy on private banks who lopped them up like candy from a free money fountain until everyone involved got a taste of reality. Private industry easily gets caught in its own deliriums in pursuit of endless profit.