> The only need is credit unions and financial institutions who are FORBIDDEN from behaving in certain risky ways.
Wasn't that exactly what caused the subprime mortgage bubble? Giant pools of cash (pension funds and the like) that could only be put into "completely safe" investments but also wanted decent returns, thus providing massive incentives to misrepresent risk?
Wasn't that exactly what caused the subprime mortgage bubble? Giant pools of cash (pension funds and the like) that could only be put into "completely safe" investments but also wanted decent returns, thus providing massive incentives to misrepresent risk?