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If the bank's so smart at investing, why did they give the money to someone who was going to lose it all on the stockmarket? :)

• ptaipale 14y ago
  Because the borrower had good collateral, and this was good business for the bank. It is what banks are supposed to do. Bottom line: I think this is not a good case why you need more regulation of banks. It may be a case why you need more regulation of universities.
  • Gormo 14y ago
    Before we discuss more regulation of either banks or universities, perhaps we should first consider the extent to which we need more regulation of regulation.
    • ptaipale 14y ago
      Indeed. That is perhaps the first priority. Too often the approach "this didn't work out, so we need more of it".