Jayze, LH, you sound like a baggy-ass pedant talking to an eight-grader, for crissakes. Come on. Youo are reciting truisms and established facts that have been well and widely communicated since the 1980's!

I agree completely that a governing control of some kind on the ratio of lending to holding for a bank is needed and the present arrangement is insane. But even so, although it flippflopped madly, it was much less dangerous before the additional liberty --caused in part by the repeal of Glass-Steagel--of securitizing mortgages came about by making banks into investment traders. Prior to that, a bank held its mortgages and had a strong interest in seeing them paid off. That system worked a lot better.


A