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If he had said so emphatically during the 2008 crisis and the other crises before that this one may not have happened. Talk about shutting the stable door afte
by vfclists 3y ago
If he had said so emphatically during the 2008 crisis and the other crises before that this one may not have happened.
Talk about shutting the stable door after the horse has bolted three times running.
Congress even watered down the laws made after the 2008 crisis to prevent this from happening.
Where was he then?
- schemester 3y agoHe and Buffett (among many others) have often talked about these misaligned incentives in the past. He is not sharing any novel insight here.
- Waterluvian 3y agoI think all of that only matters if the topic is changed to “should he be judged for not saying this sooner?” If there’s still horses in the barn, close the doors.