The entire thing is worth reading, but the key take away: "Regulatory mistakes and agency issues within banks encouraged poor credit dec...
The entire thing is worth reading, but the key take away: "Regulatory mistakes and agency issues within banks encouraged poor credit decisions. Spanish banks lent into overpriced real estate, and German banks lent to a state they knew to be weak. Current account imbalances within the Eurozone — persistent and unlikely to reverse without policy attention — implied as a matter of arithmetic that there would be loan flows on a scale that might encourage a certain indifference to credit quality. These were European problems, not national problems. But they were European problems that festered while the continent’s leaders gloated and took credit for a phantom prosperity. When the levee broke, instead of acknowledging errors and working to address them as a community, Europe’s elites — its politicians and civil servants, its bankers and financiers — deflected the blame in the worst possible way. They turned a systemic problem of financial architecture into a dispute between European nations. They brought back the very ghosts their predecessors spent half a century trying to dispell. Shame. Shame. Shame. Shame."
Posted by msabalau on Jul 4, 2015, 10:51 PM
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Raise real-world problems, find people facing the same issue, and discuss solutions.5,500 issues0 comments
hackernews (FinTech)
Congrats on the move to Google!
The federal government hasn't even lifted a finger to control undergrad education costs.
Nice to see someone addressing this annoying problem, I'm seeing first hand bot traffic go up as they are just gobbling up data.
Why is there no standardized e-ID in the US?
There's an unmet need in social networks for "identity verified and protected", wherein the social network proves to a reasonable^ degree...
The reason to create a new category is because the current categories don't solve the problem for a specific target audience.
Unfortunately in the enterprise, the purchasing decision maker is usually not the user, and may not even use the invoice screen before de...
To take a slightly different example, when I lived in Canada I was a member of a group trying to remove barriers to FLOSS in the Canadian...
The entire thing is worth reading, but the key take away: "Regulatory mistakes and agency issues within banks encouraged poor credit dec...
The entire thing is worth reading, but the key take away: "Regulatory mistakes and agency issues within banks encouraged poor credit decisions. Spanish banks lent into overpriced real estate, and German banks lent to a state they knew to be weak. Current account imbalances within the Eurozone — persistent and unlikely to reverse without policy attention — implied as a matter of arithmetic that there would be loan flows on a scale that might encourage a certain indifference to credit quality. These were European problems, not national problems. But they were European problems that festered while the continent’s leaders gloated and took credit for a phantom prosperity. When the levee broke, instead of acknowledging errors and working to address them as a community, Europe’s elites — its politicians and civil servants, its bankers and financiers — deflected the blame in the worst possible way. They turned a systemic problem of financial architecture into a dispute between European nations. They brought back the very ghosts their predecessors spent half a century trying to dispell. Shame. Shame. Shame. Shame."
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