Banking provides a valuable social function. It is a complex combination of risk management, business judgment and competing interests. Financial reform should be grounded in a solid understanding of banking, economics and human nature.
Filed under: Finance, Progressive Center, public policy | Tagged: agency, banking, banks, capacity, cash flow, character, collateral, conditions, credit, deposits, financial reform, fraud, hero, home, incentives, institutions, lending, mortgages, politicians, populism, regulation, regulations, risk, self-interest, stewart, trade-offs, wonderful life | 1 Comment »