My voice and noise on subprime bank regulations

I warned many about the coming crisis, long before it happened, on many occasions and in many places, even at the World Bank. The regulators did not want to listen and that´s ok, it usually happens, but what's not ok, is that they still do not seem to want to hear it. “We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.” (Plato: 427 BC – 347 BC)

Wednesday, March 31, 2010

Yes, yes, but what about?

Yes, yes we agree that the rational market is a myth but, what about the perhaps even larger myth of a rational regulator?

Yes, yes we agree there is a moral hazard present when bailing out the banks but, what about the perhaps even larger moral hazard of not punishing the regulators who failed?

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Per Kurowski: We are suffering from more and more answers than questions begging for them, and so I work on the latter. Read it all in my one and only book!"Voice and Noise" Pssst... so few have read this book so it is slowly turning into a collector item (I do not say a "cult"... yet) and so you might benefit from getting your very own copy now.

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