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Being able to finance high interest lending by selling subprime debt securities are principles worth dying for? Or are these Truth and Duty? I'm very confused.
by Aperocky 6y ago
Being able to finance high interest lending by selling subprime debt securities are principles worth dying for?
Or are these Truth and Duty? I'm very confused. Ma criticised the regulators for 'holding back innovation', innovation we've seen and paid for in 2008.
- specialist 6y agoI am the last person to ask about the merits of Ma's argument. I'm firmly in the castles in the sky camp, that all finance is intrinsically suspect, and that all the belligerents retcon their dogma as needed (went up because I'm a genius, went down due to unforeseen circumstances completely beyond my control). Like I tried to say, poorly, I'm just surprised Ma spoke up, and can only guess why.