> > This is always a problem when you have a overly complex system, people will figure > out how to game it > > Yes! Now we are seeing on common ground. Historically, the bigger the > system/government, the more it is cortrupt/unfair. > > > AMPTA signed in 1982 by the The Great Communicator created these loans to begin > with. It also meant that banks could issue these adjustable rate loans with no > oversight. > > More common ground. Agreed, another dumb move by the Government, this time under > Republican control. Again, governemnt intervening in market forces. If banks had to > suffer directly for selling a lame loan, they wouldn't sell lame loans... but with > that act, they were able to sell off unconventional loans, and shift the risk away > from themselves. Dumb, dumb, dumb. > > I'm all for minimual government, maximum freedom to succeed or fail for the > individual. That is the pursuit of happiness, the right of self determination.
Minimal government, but oversight where it needs to be. If you take away all government oversight, then you create a Standard Oil of America. Completely open markets work well on paper, and in mathematical models that leave out human ingenuity and greed.
Minutus cantorum, minutus balorum, minutus carborata descendum pantorum.
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