OT govt. regulation (troll food)
On Thu, 27 Mar 2008 15:33:54 -0600, Vic Smith
wrote:
Whose business it anyway if lenders choose to write bad loans?
Doesn't hurt me.
That's naive. If the government ends up bailing out the lender "to
save the economy" who do you think ends up paying for that? Sooner or
later we all do, either in taxes or with a depreciated dollar.
Sounds like you want it regulated.
Actually not. My real preference would be to let the lenders fail,
except for the one that is paying my pension and holding my retirement
$$$s.
Life is complicated. :-)
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