Torture versus collateral damage; the bigger evil?

[carl]

Really? You understood "the perception that if you pool enough dubious loans together they somehow cease to be dubious" to be about government establishing perverse incentives? Because, wow. That's not at all what that phrase means.

I did understand. Though I had to read it real slow and then put my thinking cap on and cogitate hard before I got it. Because, wow, if government provides perverse incentives and subsidizes moral hazard, it may tend to lead to dubious groupthink.

Yeah, see, you can say you understand "stuff", but when you're flatly ignorant of the role the ratings companies played? That indicates that you actually don't understand stuff.

I already said I understood the offsides rule in soccer/football. That is stuff, I think.

Anyway, I do understand that because ratings companies were paid by financial institutions to rate them and the investments they offered there was an inherent conflict of interest. That was not a good thing. See, not so ignorant, at least not completely, totally, blindingly, maddeningly ignorant.

Regardless, that's twice you've shifted goalposts in a single page, which is more crap than I'm willing to deal with.

I have a question. How come when I wrote #### as part of a quote in post 77 it came out ####, but when you write crap, it comes out crap? I don't understand that.