It won’t help at all. If banks keep writing derivatives, there is no end in sight to the mess.
Derivatives? Please. It’s all about mortgages to low-income people.
Nonsense.
The root of the problem is the desire of the majority of the polity to live beyond its means. So the government runs deficits, and the consumer has debt. Then a so-called unexpected crisis occurs, the debts can’t be repaid, and our rulers and commentators scurry to restore a “confidence” that should never have existed.