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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
by 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 agoBefore 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 agoIndeed. That is perhaps the first priority. Too often the approach "this didn't work out, so we need more of it".