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Why is it "moral hazard" is never mentioned when talking about rich bankers and their ilk?

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raccoon Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 09:54 AM
Original message
Why is it "moral hazard" is never mentioned when talking about rich bankers and their ilk?

Ever notice that? Apparently "moral hazard" doesn't apply to the 1%.



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RKP5637 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 10:04 AM
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1. They are godly. The rest of us are uncivilized unenlightened heathens. They are
our country, the rest of us are useless baggage.
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Yupster Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 10:20 AM
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2. It is all the time
The fear is that if the government insures your risk, don't be surprised if you take riskier bets.
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dtexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 10:24 AM
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3. Well, they don't think that morality applies to them ...
and everything they want to do is a hazard to society. ;-)
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Recursion Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 10:25 AM
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4. It is, a lot. Bernanke and Geithner talked about it (nt)
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Tsiyu Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 10:39 AM
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5. ...





Jesus didn't say "Feed my sheep," apparently.

He said "Fleece my sheep."









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jwirr Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 12:38 PM
Response to Original message
6. It is just assumed they have already bought their way into heaven
and do not need to be moral anymore!:sarcasm:
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