Why is it "moral hazard" is never mentioned when talking about rich bankers and their ilk?
raccoon
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Fri Oct-28-11 09:54 AM
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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%.
RKP5637
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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.
Yupster
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Fri Oct-28-11 10:20 AM
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The fear is that if the government insures your risk, don't be surprised if you take riskier bets.
dtexdem
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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. ;-)
Recursion
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Fri Oct-28-11 10:25 AM
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4. It is, a lot. Bernanke and Geithner talked about it (nt)
Tsiyu
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Fri Oct-28-11 10:39 AM
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Jesus didn't say "Feed my sheep," apparently. He said "Fleece my sheep."
jwirr
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Fri Oct-28-11 12:38 PM
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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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