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Privatize! It's the only way! The government can't innovate like a small business!
Accountability doesn't exist with the private company, you're absolutely right. Worst thing that can happen is that the Corporation can be dissolved. Only to form the next Monday with a new name, but the same old Rolodex. (Rolodex, does that make me old for knowing about those?) :-)
It's all part of that damn "personal responsibility" mantra. I had dinner with somebody last night, and was explaining the problems with subprime lending and the housing crash that's going to happen next year. He said, those people should have known what they were doing when they signed the loans. I asked, how is a doctor or a shopkeeper supposed to compete with a banker for knowledge of the lending process? They should expect that the information that they're given is accurate and in the best interests of both lender and borrower.
He kept trying to argue personal responsibility. I asked him if it was reasonable to believe that if a bank lies to make a loan, that it is very difficult for a borrower to realize that this has happened. And with no regulation, there is nobody to protect the borrower from a predatory lender, especially when that lender is one of the top 5 banks in the country.
He conceded that point, but probably only to make me stop talking about it.
People should have to look out for themselves, but it is hard to compete with a whole industry that is out to get you.
PS: Thanks for the welcome. :-)
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