When we discuss “Regulations,” we are talking about regulating human behavior. And that behavior can range from following misplaced incentives to falsifying accounting data to overtly legal but destructive actions — like putting people into loans they knew (or reasonably should have known) were likely to default.
What a terrible sham the no “regulation cry” has been. It is really a vote for no rules against illegal and/or criminal behavior...--- Barry Ritholtz, 12.22.08
No comments:
Post a Comment