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Politics : View from the Center and Left
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To: Sam who wrote (126840)12/9/2009 9:05:30 PM
From: Dale Baker  Read Replies (3) of 540793
 
When securitization was done properly and responsibly, it was a tremendous boon to the credit markets in many sectors from mortgages to credit cards to car loans and the rest. That's all integral to US economic growth in recent decades.

The trick is, when the markets step in to match up capital with a need for capital, it has to be regulated and controlled to insure that greed doesn't erase the normal market constraints imposed by risk.

I had hoped that the new financial reform legislation might reflect that. But between special interests and most congressmen being raging assholes, I have very low expectations for might finally be passed.
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