“Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done.”
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Don't reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a 'moral hazard, ' because the bailout absolved the bank's bad acts and created an incentive for it to make the same bad loans again.
Yes, people pull the trigger - but guns are the instrument of death. Gun control is necessary, and delay means more death and horror.
I stand before you today because this vision of government as the engine of opportunity is what I believe in.
I do not believe that politics in the long run is about individuals. It is about ideas.
