>* Flint, Michigan * The Gulf Coast * Anywhere in coal country * Wall Street * TARP
We've made a really big leap from me suggesting I don't want to force a poor person to get permission from a wealthy person to perform handy-man type jobs around my house to talking about systemic risk problems. That first bit about the poor person requiring permission from a wealthy person is the key factor here, because who do you think is going to push for those regulations? The homeowners? Ehh, maybe the one person who had some bad luck. But the big money pushing those regulations to be written will be monied industry incumbents who don't want poor people to undercut them on easier work.