[lbo-talk] The Partnership solution to financial reform
Jordan Hayes
jmhayes at j-o-r-d-a-n.com
Sat Mar 20 14:12:37 PDT 2010
>> The obvious answer to these questions is that human
>> beings always do what they are rewarded to do and always
>> have, especially on Wall Street.
Also note that some of the Masters of the Universe got caught up in this
thing anyway. Think Lehman and Bear.
So: this is a dumb idea, because the risk that you could lose everything
(and more) is already there, and has already been seen. And already
hasn't been shown to help avoid the last crisis.
/jordan
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