Nathan Blecharczyk Quotes
There's a perception out there that Airbnb doesn't want there to be rules. We think rules would be fantastic. We think rules would help our community, but not necessarily the rules that have simply existed for decades.
Blecharczyk, Nathan. Interview. The New York Times, The New York Times Company, 2015.
He was referring to Fannie Mae, the government-created. private mortage guarantee company. It was heavily regulated, and in general it met the regulatory requirements. However, the requirements were insufficient, and in the 2008 Meltdown and the Great Recession that followed, Fannie Mae itself was in such bad financial condition, that the Federal Government had bail them out or have the entire home mortgage industry fall apart.
Federal rulemaking is a complicated arcane process as a result of Congress making it harder for Federal agencies to make rules. Although Congress could legislate any rules, many members prefer not to go on ecord as supporting some rules. Others watch what the public reaction is and if good, they support it and take credit and if bad, they complain of the "overreach of unelected bureaucrats". However, they do not want rulemaking to be fast or efficient; they want the time to decide where they stand. IN 2017 The incomming Trump Administration wanted to repeal many of the Federal Rules that had been made in the previous Obama Administration. However Trump and his team was not very experienced politically and ran against the politicians. They were surprised that it was as hard to repeal Federal Rules as it was to make them in the first place as this quotation explained
Nathan "Nate" Blecharczyk (born 1983) is an American billionaire businessman. He is the co-founder and chief strategy officer of Airbnb, and chairman of Airbnb China. Blecharczyk was also the company's first chief technology officer.
