"It's a pretty sorry state of affairs when fairness is considered an innovation in finance."
Would the Country really be that worse off if the CFPB.... "... slaughtered a few hawgs"?
6 comments:
Anonymous
said...
Don't count on the CFPB to slaughter any HAWG's! What will happen is that credit unions other than the multi-billion dollar credit unions will become the HAWG's whipping boy!
No good will come from a organization that thinks that they need to write a regulation stating that a lender should determine the borrower has the ability to repay. You just can't fix stupid!
6 comments:
Don't count on the CFPB to slaughter any HAWG's! What will happen is that credit unions other than the multi-billion dollar credit unions will become the HAWG's whipping boy!
No good will come from a organization that thinks that they need to write a regulation stating that a lender should determine the borrower has the ability to repay. You just can't fix stupid!
Well, speaking of HAWGS and regulations, guess we all want to support doing away with USDA meat inspectors...
s
Willing to bet it would not take long to find USDA regulations that do more harm than good.
How about the U.S. Marines?
Alright, alright! I'll concede that they (hopefully!) have the ability to do some harm....
Would, by the way, like to know what you think and where you stand after reading tomorrow's post: "Troubled Condition..."
Stay tuned...!!!!
Also, I can tell that you usually drive on the "right" side of the road...
(So do I...)
Pangloss:
The CFPB regulations that do not solve the cause of the problem will only make you miserable!
Hugo
BTW: The U.S. Marines are not a regulator and they are solely responsible and accountable to the people!
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