tag:blogger.com,1999:blog-5492310882851199969.post5886266143611997973..comments2024-01-09T15:03:54.986-05:00Comments on Wolf Howling: Subprime Crisis: The Spin Versus C-SpanGWhttp://www.blogger.com/profile/05814327154035433443noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5492310882851199969.post-18840711976066257492008-09-27T19:34:00.000-04:002008-09-27T19:34:00.000-04:00GW, I don't understand how increasing government o...GW, I don't understand how increasing government oversight over fannie and fredie would prevent more bad loans from being made. Government regulation would more likely lead to politically correct decisions, and making sure that minorities are not discriminated against when it comes to banking practices and loan lending. I don't see a government agency placing financial considerations at the top, or even as a part, of their agenda. What is necessary here, is a end to government pressure on banks promoting sub-prime loan practices. Furthermore, financial institutions need to know that bad financial decisions will lead to the suffering of that institution, and there must be strong incentives to prevent the officers of these institutions from poor management/fraud. If we reward incompetence, why would these firms need to hire competent CEO's and employees?Anonymousnoreply@blogger.com