So the government has to vet every security before it can be sold? That could require a few hundred thousand additional government employees.
“So the government has to vet every security before it can be sold? That could require a few hundred thousand additional government employees. “
Nothing more than they did for DECADES when we had a stable banking system. It doesn’t take much. I saw what Countrywide was doing - loans at 10X income. I shorted them, big-time, now my wife drives a really nice car - and they paid for it.
It really wasn’t that hard and they did it for DECADES, until about 10 years ago - then they trusted the bankers.