Richard Thaler Quotes About Selling

Quotes about: Selling

• Is there a market for somebody selling a credit card that helps people pay down their balances? I think the question is yes. But it would have to be sold by a bank that's really willing to invest in being a trusted partner with its consumers, because they will make less money on each consumer.

  Richard Thaler

  Thinking, People, Balance

  "Big Think Interview With Richard Thaler". bigthink.com. June 19, 2009.

• The money has to be deferred with what they call "clawback," which means they can get it back if I lose it all. So that guy making ten million a year selling credit default swaps, if we're going to keep five million of it in escrow for ten years, and with the right to go back and get it, if he starts losing money, then we're going to give people the right incentives not too take so much risk.

  Richard Thaler

  Mean, Years, People

  Source: bigthink.com

• The same with the mortgage brokers that were selling people mortgages they couldn't afford. We shouldn't pay them on each mortgage they write. They should have what they call "skin in the game," where they've got to reimburse us if the guy who sold the mortgage defaults.

  Richard Thaler

  Writing, Should Have, Games

  Source: bigthink.com

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