re: #29 Obdicut

Um, you think that they’ve stopped creating securities, or that they’ve suddenly begun doing accurate risk assessments on them, or what?

The regulatory environment is largely the same.

That is assumption, not evidence. Your point is not supported unless you can provide an example of a new type or issue of securities that carries inordinate risks.

Really? And how will Europe sort out their ‘risks’, eh? I assume you mean their threats of default and the increased financing problems caused by their austerity measures. You mean that private banking in the US is going to have to wait until European governments start stimulus-spending appropriately, or what?

Okay. Just so I’m clear, the new right-wing economic paradigm is that the private banking industry cannot be depended on, in a time of global economic crisis, to actually help us recover from a recession, they are a passive player in it, only able to react, not to actually provide impetus themselves?

No, and don’t scribe the entire “right-wing” to me. Unless I clearly say otherwise, I’m speaking for myself.

Let me ask you, Obdicut: Would you loan out money aggressively in a time of such risk?