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Re: woondedeagle post# 3106

Tuesday, 01/22/2013 3:02:05 PM

Tuesday, January 22, 2013 3:02:05 PM

Post# of 17759
Sounds like utility model to me.

He's arguing to reduce inefficiency inherent to the redundancy built into F&F. But they were made to compete.

Biggest issue I have with his basis for removing the competitive element (albeit resulting in utility-like model, is that he claims the quality of credit standards deteriorated due to said competition; the financial crisis committee basically shows that F&F had no where else to go, the vast majority of credit coming in being rather 'shoddy' leading up to the brink of the crisis
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