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No, I mean mitigating risk is a good business model.If a salesman sells you mud and call it gold, who is the bigger idiot...the guy who called mud gold, or the people who bought mud convinced it was gold?The business model of what? Mitigating risk?Nor do I.If someone cannot afford a house, they have no business buying one..period.That is the market at work..people make bad decision, they should have to pay for them...in the terms of banks however, the government has already told them they will never let them fail regardless, so why would a bank care about taking risks?
No, I mean mitigating risk is a good business model.
If a salesman sells you mud and call it gold, who is the bigger idiot...the guy who called mud gold, or the people who bought mud convinced it was gold?
The business model of what? Mitigating risk?
Nor do I.
If someone cannot afford a house, they have no business buying one..period.
That is the market at work..people make bad decision, they should have to pay for them...in the terms of banks however, the government has already told them they will never let them fail regardless, so why would a bank care about taking risks?
