[lbo-talk] Re: frontiers of financial innovation (?)

[Jordan Hayes]

> It makes perfect sense. Except that many people are
> inclined to use it more and borrow up to the limit of
> their capacity to service their borrowings.

So you're saying that the people who can't control their urges should be
protected from these kinds of things that can radically help whose who
can?  People who blow up credit will do so no matter what's not
available at the mortgage level.  This is like saying that we should get
rid of steak knives because some people will kill their spouses or
themselves with them.  And hey, some people will use abortion as birth
control.  And holy hell: I just heard about someone who abuses workers
comp and SSI AT THE SAME TIME.

Let's get rid of it all.  Yay.