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What? That's the whole problem though! The 'efficient' markets fucked up, didn't they?
by dabeeeenster 18y ago
What? That's the whole problem though! The 'efficient' markets fucked up, didn't they?
- run4yourlives 18y agoNot really. The issue is that the efficient markets were allowed to do some things they shouldn't have been, and they did it really well.
- dabeeeenster 18y agoThen why does it matter if you slightly affect their efficiency? This religious Friedmanite bullshit is what got us here in the first place IMHO.
- newt0311 18y agoSo... "inefficient" markets won't fuck up? Wrong.
- stuaxo 18y agoThis is the wrong argument to be having surely ?
- anthonyrubin 18y agoThe markets were heavily influenced by the government. Risk was removed because of the GSE status of Fannie and Freddie. At the same time the government (both Congress and the president through HUD) pushed Fannie and Freddie to take on more risk to "help the poor".