The world works off of incentives. If I was the credit card company and you wouldn't allow me to recoup my fraud prevention cost, and you would allow me to recoup my fraud cost, I guess I would allow fraud in the system. My guess is that it would not be good for our economy.
Hensarling discusses the economic implications of fraud prevention costs.
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Fannie Mae and Freddie Mac were more than mere bystanders in the 2008 financial crisis. They were in fact at the epicenter of that crisis.
reduce taxpayers' risk, codify into law an explicit government guarantee, and increase market competition.
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