onsdag 2 april 2008

Banking crisis - whose fault?

It is tempting to blame the banking crisis on the regulators. But no amount of regulation can contain forces that encourage people to lend money to people who cannot afford to pay it back, on the security of bubble values that have been largely created by the same free lending policy. Regulation would be skirted round, somehow or other.

Inga kommentarer:

The Journey East #5

Catholic Mass obligations With the Tridentine Masses suspended for the holidays, I could not face the Novus Ordo vernacular Masses with Lut...